Prudential Financial mulls Taiwan exit amid tough market
The US-based life insurer has said it might leave the Taiwan market. If it does so, it will follow in the wake of other foreign players such as ING and AIG.
Prudential Financial, which has been operating in Taiwan for 30 years, is considering a plan to leave a market that is presenting heightened industry risks alongside ongoing regulatory changes.
The US-based insurance giant is exploring strategic options for its Taiwan insurance business, which may include a sale, a company spokeswoman told AsianInvestor. She declined to comment on the details of potential business transactions or the reasons behind the decision.
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