Prudential pursues Asian expansion despite merger uncertainty

Prudential is expanding further in Asia despite continued uncertainty about the UK insurance company's merger with American General.

Prudential said Wednesday that it had signed a deal with Allstate Corporation, the largest US listed personal insurer, to buy its majority holding in PT Asuransi Jiwa Allstate in Indonesia and Allstate Life Insurance of the Philippines for £7.5m (€12m).

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached