Prudential Financial (PRU) and Dai-ichi Life Holdings said late Thursday they plan for a strategic partnership focused on product distribution and asset management.
The companies said the agreement will involve Prudential using Dai-ichi's Neo First Life Insurance unit as an exclusive partner to distribute certain life insurance products in Japan through its Life Planner sales channel.
Prudential's investment manager also plans to provide asset management services to subsidiaries of Dai-ichi Life, including management of asset classes such as structured products and private credit.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.