February 27, 2015 1:03 AM ET

Insurance

Company Overview of The Prudential Insurance Company of America, Inc.

Company Overview

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

United States

Founded in 1873

Phone:

973-802-6000

Fax:

973-367-6476

Key Executives for The Prudential Insurance Company of America, Inc.

Executive Vice President of Financial Management
Age: 61
President of Prudential Group Insurance
Age: 60
Chief Marketing Officer and Senior Vice President of Strategy
Age: 44
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 Allison Landers as Vice President, Digital and Customer Experience

Allison Paine Landers has been appointed vice president, Digital and Customer Experience for Prudential Group Insurance, a business of Prudential Financial Inc. In her newly created role, Landers will be responsible for expanding digital and other capabilities aimed at improving the customer experience. Landers will lead the design and execution of a digital and customer experience strategy for Prudential Group Insurance and will also partner with corporate centers across the enterprise to implement a common digital experience. Prior to joining Prudential, Landers most recently served as the head of online and tablet banking at TD Bank where she led a program that enrolled three million U.S. retail and small business customers onto a single digital platform. Previously, Landers served in a similar capacity for KeyBank in Cleveland, Ohio. Throughout her career, Landers has moved in tandem with digital's expanding footprint, gaining significant experience in digital marketing with a track record of proven success at leveraging technology to improve the customer experience.

Prudential Group Insurance Names Robert C. Love as Vice President of Middle Market Segment

Robert C. Love has been appointed vice president, Middle Market Segment for Prudential Group Insurance, a business of Prudential Financial Inc. In his new role, Love will be responsible for strategic planning for key middle market accounts, developing and expanding existing customer relationships, as well as new business acquisition and growth opportunities. He will also have oversight of the middle market sales and account management team. Love joins Prudential with over 25 years of experience in the insurance industry, primarily managing the distribution of group insurance products and services. Love most recently served as vice president and head of Group Benefit Distribution at The Guardian Life Insurance Company of America.

The Eighth U.S. Circuit Court Gives Verdict in Favor of Prudential Insurance Co. of America

The Eighth U.S. Circuit Court of Appeals held an insurer did not abuse its discretion in denying an insured long-term disability (LTD) benefits under a group policy sponsored by his former employer. On May 10, 2010, Michael Prezioso injured his back lifting a 15-pound art portfolio while working as an advertising sales representative for Vertis Inc. On May 11, Dr. John Dowdle diagnosed acute mechanical low back pain and degenerative disc disease of the lumbar spine. When the pain did not quickly resolve, Dowdle ordered an MRI of Prezioso's lumbar spine. When recommended treatments did not alleviate the pain, Prezioso applied for LTD benefits under Vertis' LTD plan, which was administered by the Prudential Insurance Co. of America. To be eligible for LTD benefits under the plan, an employee must be continuously disabled throughout a 180-day elimination period. Prudential denied Prezioso's application, finding he was not continuously disabled. After exhausting his administrative remedies, Prezioso brought an action under ERISA alleging Prudential wrongly denied him LTD benefits. The district court granted summary judgment dismissing his claim, and Prezioso appealed. The Eighth Circuit affirmed the district court's judgment. Prudential did not abuse its discretion in deciding that Prezioso was not continuously disabled within the meaning of the LTD policy and, therefore, not entitled to LTD benefits. Its decision was reasonable and supported by ubstantial evidence.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 7, 2015
The Prudential Insurance Company of America, Inc., Kierland II Building at 16260 71st St.
Private Placement
December 3, 2014
Copart, Inc.
Merger/Acquisition
October 28, 2014
The Prudential Insurance Co. of America, Inc., New Broward Apartments and Town Homes
 

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