The life insurer has a diversified hedging toolbox ranging from real assets to derivatives. These tools provide long-term, non-guaranteed benefits to policyholders as inflation, or even stagflation, is now looming.
Prudential has named Anil Wadhwani as group chief executive. He will continue to be based in Hong Kong, as will Damien Green who has been named his successor as Asia CEO at Manulife.
The Hong Kong life insurer will not blindly divest from non-ESG assets just to meet the emissions reduction target but will assess the impact of its investments holistically on the environment and social development.