Alicia McElhaney Prudential Spins Out Savings and Investment Provider M&G As a part of the spinout, M&G will sell a £12 billion annuity portfolio to Rothesay Life, one of U.K.’s largest life insurers. Alicia McElhaney March 14, 2018 Prudential PLC's headquarters in London, U.K. (Photo credit: Jason Alden/Bloomberg)