Prudential Financial, Inc. CEO Andy Sullivan on Convergence of Insurance and Asset ManagementPrudentialFinancial,Inc.CEOAndySullivanonConvergenceofInsuranceandAssetManagement

Andy Sullivan, CEO of Prudential Financial Inc., joined Bloomberg TV from the 2025 Milken Institute Global Conference to discuss topics including the convergence of insurance and asset management. “A lot of work has been done on accumulation in the US market, but not as much work on how to help people with protecting income and decumulation,” Sullivan said, calling this a significant opportunity for insurers and asset managers to address a large gap in the retirement market.

Sullivan also talked about long-term tailwinds in retirement and private credit, reinsurance’s role in bringing additional capital into the space, and the impact of fiscal and trade policies on global markets.