Company Overview of The Prudential Insurance Company of America, Inc.
The Prudential Insurance Company of America, Inc. offers life insurance, annuities, group disability, and care insurance solutions in the United States. The company also offers claim adjusting services, accidental death and dismemberment, and other related coverage, as well as provides plan administrative services. It serves institutional clients. The company was founded in 1873 and is based in Newark, New Jersey. The Prudential Insurance Company of America, Inc. operates as a subsidiary of Prudential Holdings, LLC.
751 Broad Street
Newark, NJ 07102
Founded in 1873
Key Executives for The Prudential Insurance Company of America, Inc.
Executive Vice President of Financial Management
Executive Vice President and Chief Operating Officer
Chief Marketing Officer and Senior Vice President of Strategy
Senior Vice President of Disability and Small Market Business
Vice President of Information Systems
Compensation as of Fiscal Year 2014.
The Prudential Insurance Company of America, Inc. Key Developments
Prudential Group Insurance Names Dave Heil Regional VP of Premier Accounts Distribution
May 27 15
Dave Heil has been named regional vice president, Premier Accounts Distribution for Prudential Group Insurance. Based in San Francisco, Heil will be responsible for the distribution and account management of the Premier Accounts segments -- customers with fewer than 5,000 employees -- for the western region of the United States.
His territory includes California, Washington, Oregon, Alaska, Hawaii, Colorado, Montana, Idaho, Wyoming, Nevada, Utah, New Mexico and Arizona.
The Prudential Insurance Company of America, Inc. Announces First Longevity Reinsurance Transaction with Pension Insurance Corp. PLC
Apr 28 15
The Prudential Insurance Company of America announced its first longevity reinsurance transaction with Pension Insurance Corporation plc. Under the terms of the agreement, PICA will provide reinsurance to PIC for longevity risk associated with pension liabilities for more than 6,700 pensioners. This longevity reinsurance transaction follows other recent reinsurance transactions in the UK, including 2014's British Telecom Pension Scheme transaction.
Prudential Group Insurance Offers New Accident Insurance Product
Apr 13 15
Prudential Group Insurance announced the addition of accident insurance to its suite of products available through the workplace. Prudential’s accident insurance solution provides employers with more than 500 employees an optional benefit that helps workers deal with the financial impact of an accident such as a fracture, dislocation or concussion. Prudential’s accident insurance offering is an “incident based plan” which means it pays a lump sum for a loss resulting directly from an accidental injury, and those benefits are not dependant on the services performed to repair the injury. The benefit varies depending on the severity of the injury and the money can be used to cover out-of-pocket medical and non-medical costs, without restriction. As an example, a standard benefit amount for a broken leg could pay up to $1,200 compared to a broken finger in which case the payment would be about $100. Unlike most traditional treatment-based plans, the product’s simplified claim process requires minimal documentation. With certain traditional accident plans, a separate piece of evidence would typically need to be submitted at the time of the claim for each treatment or procedure. Prudential’s accident insurance product requires only evidence of the injury itself; there is no need to provide evidence of various treatments such as X-rays, ambulance trips or physical therapy. Employees can also choose coverage for qualified dependents.
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