Prudential Names Peter Bandarenko as Advanced Markets Sales Director for Its Group Insurance Business

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc.’s (NYSE:PRU) Group Insurance business announced today the appointment of Peter Bandarenko as the Advanced Markets sales director. Bandarenko will be responsible for facilitating growth in all Advanced Markets product areas including Group Universal Life, Executive Carve-out Life, Retiree Life Buyouts, Multinational Pooling and Captive Reinsurance.

“Peter brings with him tremendous industry experience and an established track record of success”

In this newly created role, Bandarenko will report directly to David Brooker, vice president of Advanced Markets. Financial solutions stemming from the Advanced Markets area are geared toward risk management issues, employee relations, benefit security, accounting and tax planning, as well as cash management concerns.

“Peter brings with him tremendous industry experience and an established track record of success,” Brooker said. “He is a proven employee benefits professional with a strong technical background in addition to, sales management and product development experience from both the insurance carrier and brokerage perspectives.

Most recently, Bandarenko served as senior vice president of Sales and Marketing for Dye & Eskin, a nationally recognized insurance and consulting firm specializing in Executive Benefits. His carrier experience also comes from a long tenure with MetLife and their subsidiary Paragon Life. Peter is a graduate of Bucknell University.

“Peter’s expertise will help us further solidify our leading role in the Advanced Markets product area and we are excited to have him on board as we focus on meeting our aggressive growth objectives,” said Brooker.

Prudential’s Group Insurance business manufactures and distributes a full range of group life, long-term and short-term group disability, long-term care, and corporate and trust-owned life insurance in the U.S. to institutional clients primarily for use in connection with employee and membership benefits plans. Group Insurance also sells accidental death and dismemberment and other ancillary coverages and provides plan administrative services in connection with its insurance coverages.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $631 billion of assets under management as of March 31, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping more than 50 million individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.prudential.com.

Group coverages are issued by The Prudential Insurance Company of America, Newark, NJ. Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America and its affiliates.

IFS-A146761 Ed. 4/08