Prudential Says Regulators Reject Appeal of Risk Designation

Prudential Financial Inc., the No. 2 U.S. life insurer, lost a bid to overturn a risk designation from federal regulators that carries increased oversight.

“The company is entitled to bring an action in U.S. federal court for an order requiring that the final determination be rescinded,” Newark, New Jersey-based Prudential said today in a regulatory filing.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.