British life insurer Prudential said on Thursday it would split off its U.S. business Jackson through a demerger and may raise $2.
5-3 billion in new equity, abandoning plans for a minority initial public offering.
Britain's largest insurer, under pressure from activist investor Third Point to break in two, said last year it planned a minority IPO of Jackson.
But on Thursday it said that a demerger would allow a quicker separation than a minority IPO and future sell-downs.
Prudential split off its British life insurer M&G through.....