Prudential Financial/CT Corp joint venture

Overview:

• Pruco Life Insurance, a subsidiary of Prudential Financial, and CT Corp have entered into a joint venture.
• Both companies are life insurance firms. CT Corp has $10 billion in assets and 100,000 employees.
• Pruco Life has secured a 49% stake in Asuransi Jiwa Mega Indonesia, the life insurance subsidiary of CT Corp.
• CT Corp will hold the remaining 51% stake.
• OJK, Indonesia's financial services regulator, has approved the joint venture.

Katrin Kostadinova - Data analyst