Prudential is considering possible acquisitions in the US as it tries to fend off rumours in the City that it might merge with its arch-rival Aviva, reports the Guardian .
Mark Tucker, chief executive of the Pru, said he was "continually looking" for acquisitions in the US, where the insurer has been seen as a possible bidder for the US life business put up for sale by JPMorgan Chase. The paper says Tucker refused to disclose whether that was one of the options being considered to bolt on to its existing business in the US, Jackson National Life. He stressed any deal the Pru decided to pursue would be "self financing" and fresh cash would not be needed. He also refused to disclose whether the insurer had held any discussions with Aviva, the parent compan...
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