Lehman, Merrill Lynch, AIG Crisis
Given the situation in the global financial markets, Prudential Singapore wants to assure policyholders that the operations in Singapore will not be duly affected. Our overall financials are sound and we have the resources to meet the financial obligations to our policyholders.
The Group is consolidating our exposures to AIG, Lehman and Merrill Lynch stocks and intends to issue an update to the market later today. We do not believe these holdings are material in the context of the Group's total assets under management.
Copied from their singapore website. http://www.prudential.com.sg