U.K.’s Prudential Set to Gain Cambodia License in First Quarter
Prudential Plc, the U.K.’s biggest insurer by market value, plans to begin selling insurance in Cambodia in the first quarter of next year to extend its presence in Asia across 13 markets. The firm is hiring sales agents and expects to gain a license to operate in the country in the first three months of 2013, Barry Stowe, chief executive officer of Prudential’s Asian division, said in an interview in Hong Kong Nov. 20. The London- based company received “in principle” approval for a life insurance license in July. …
