NEW YORK - The World Jewish Congress' opposition to Prudential PLC of London's plan to buy American General Corp. of Houston will not derail the deal, analysts say.
The group has said it would oppose the deal unless the British giant accepts global standards for resolving claims by Holocaust survivors.
"I can't believe this would be a problem," said Charles Coyne, an insurance analyst at WestLB Panmure in London.
Roger Hill, an insurance analyst for UBS Warburg in London, said he sees no reason for the group to raise concerns about Prudential PLC. "Pru's been in the U.S. for 15 years, so why now?"
Texas Insurance Commissioner Jose Montemayor said in a press statement that he would take the group's concerns into consideration.