Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 24th of April 2018
February 27, 2012

Prudential responds to Hong Kong relocation reports

by Gill Montia

Story link: Prudential responds to Hong Kong relocation reports

Prudential has noted recent press speculation that it may move its headquarters from London to Hong Kong to avoid the rigour of Solvency II, and has issued the following statement:

“Prudential regularly reviews its range of options to maximise the strategic flexibility of the Group.

“This includes consideration of optimising the Group’s domicile, including as a possible response to an adverse outcome on Solvency II.

“There continues to be uncertainty in relation to the implementation of Solvency II and implications for the Group’s businesses.

“Clarity on this issue is not expected in the near term.”

 

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