Prudential buys the insurance unit of Thailand's Thanachart Bank

Prudential buys Thanachart Life Assurance for $585 million and establishes a bancassurance business partnership with Thanachart Bank in Thailand.

British insurer Prudential will pay $585 million to buy the insurance unit of Thailand’s Thanachart Bank, in the latest twist and turn in the competition among global insurers to capture the growing Asian market.

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