Insurance company Prudential has agreed to sell its Taiwanese life insurance business to Taishin.

Insurance company Prudential has agreed to sell its Taiwanese life insurance business to Taishin, a Taiwanese based financial institution. The deal aligns with Prudential's ongoing strategy to focus largely on Japan in East Asia.

“Prudential's asset-management business, PGIM, will stay active in Taiwan through its PGIM SITE subsidiary”

Prudential Release