Prudential will pay 428 million Singapore dollars ($307 million)
for UOB Life Assurance Ltd., the company said in a statement.
UOB also agreed to sell Prudential's life, accident and health
insurance policies for 12 years at the bank's more than 400
branches in Singapore, Indonesia and Thailand, Prudential said.
The insurer said the deal will consolidate its position in the
Singapore market and increase the number of banks in Indonesia and
Thailand that sell Prudential insurance policies.
Prudential has operations in 13 Asian countries and more than 40
percent of the company's revenue comes from the region.