This Asian acquisition may put added pressure on its competitor, AIA Group. Insurance news from the Asia Pacific region has shown that Prudential PLC has just entered into an acquisition agreement to buy the coverage unit from Thanachart Bank in Thailand, for a reported $590 million, in cash. This will double the insurer’s current market share within that Asian nation. This is expected to add greater competition to the insurance news in Southeastern Asia, which is a rapidly growing marketplace where AIA Group has been working to maintain leadership. This…
Read MoreInsurance news from Prudential reveals new $590 million deal
