Prudential-Jackson Nat'l connection prospering. (Prudential Corporation PLC's acquisition of Jackson National Life Insurance Co.)

National Underwriter Life & Health-Financial Services Edition, April, 1991 by Cox, Brian

Prudential-Jackson Nat'l Connection Prospering

Five years ago London-based Prudential Corp. PLC broke takeover records when it paid $608 million for Jackson National Life Insurance Co.

The 1986 buyout of Jackson National marked the biggest British invasion of the United States since the Beatles, and was at the time one of the largest foreign purchases of a U.S. firm ever recorded.

Prudential wanted to expand their considerable business empire to include the United States, one of the only markets in which they were not yet represented.

"Jackson National has realized tremendous growth and considerable profits since the Prudential became our parent," noted Jackson National vice president of communications, William Gray. (See Prudential...

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