Prudential Life and Thanachart Life Have Successfully Completed the Entire Business Transfer As Prudential Life Drives On Its Journey Toward Financial and Insurance Excellence

Stocks and Financial Services Press Releases Wednesday October 1, 2014 14:13
Bangkok--1 Oct--Prudential Life Assurance

Prudential Life Assurance (Thailand) Public Company Limited today announced the completion of the entire business transfer of Thanachart Life Assurance Public Company Limited. The transfer process began after Prudential Thailand was granted approval by the Office of the Insurance Commission (OIC) for the buy-out of 100% shares of Thanachart Life. The completion of the business transfer will further strengthen the company in its aspiration to deliver the best financial and insurance services to existing and new customers throughout the nation.

The business transfer process, started in May 2013, means that all of Thanachart Life insurance policies are now under the care of Prudential Thailand and effective 1st October 2014 the entire business transfer has been successfully completed.

Mr. Binayak Dutta, Chief Executive Officer, said that “Prudential is very pleased to announce that the entire business transfer of Thanachart Life is successfully completed today. This is indeed another milestone for Prudential Thailand as we move forward in strength and capabilities to deliver our products and services to our customers well into the future.

One of our Group’s core values is to deliver excellence, and we are ever determined to do so. The merger of our two companies and the migration of Thanachart Life insurance policies onto our platform will enable us to drive on in our journey towards service excellence.

With this message, we would like to assure all Thanachart Life insurance policyholders that you will continue to enjoy the same coverage and benefits that you had with Thanachart Life as your policies now come under the care of Prudential Life Thailand.”

Latest Press Release

SET announces 63 listed firms, five CEOs nominated for SET Awards 2018

63 listed companies and five CEOs have been nominated for SET Awards 2018. The announcement and the award presentation, which is the fifteenth of its kind, will take place on November 27, 2018. SET President Pakorn Peetathawatchai said that The Stock...

Fitch Ratings: Global Power Synergy Still on Watch after Appeal of Regulator Decision

The ratings on Global Power Synergy Public Company Limited (GPSC) remain on Rating Watch Negative (RWN) after the company said it submitted an appeal of the Energy Regulatory Commission's (ERC) order to block GPSC's acquisition of GLOW Energy Public...

Fitch Affirms Makro#s Rating at #A(tha)#; Outlook Stable

Fitch Ratings (Thailand) Limited has affirmed Siam Makro Public Company Limited's National Long-Term Rating at 'A(tha)'. The Outlook is Stable. KEY RATING DRIVERS Overseas Expansion Drives Rising Leverage: Makro's funds from operations (FFO) adjusted...

Fitch Affirms CP ALL#s Ratings at #A(tha)#; OutlookStable

Fitch Ratings (Thailand) Limited has affirmed retailer CP ALL Public Company Limited's National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch has also affirmed the National Long-Term Rating of its secured bonds at 'A(tha)', the National...

KTC achieves major milestone with a net profit of 3.911 billion Baht in Q3,with preparations in motion to diversity into Nano and Pico Finances.

KTC declares a net profit for the end of Q3 of 3.911 billion Baht. Profits have grown 65 percent due to a surge in credit card spendings, receivables from credit cards and personal loans, along with the upholding of approval standards within appropriate...

Related Topics