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11/12/2008 News For:

Lilfe Insurance

A.M. Best Downgrades Ratings of Texas Life Insurance Company   OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit rating to ?a-? from ?a+? for Texas Life Insurance Company . The outlook for both ratings is stable.

TM Asia bundles insurance with bereavement product  JAPANESE life insurance company TM Asia Life Malaysia Bhd, in collaboration with bereavement provider Nian En Memorial Park Sdn Bhd, yesterday launched bereavement product packaged with TM Asia Life Single Premium Investment-Linked plan.

Farmer accused of murdering his wife 'vowed he'd marry me', says secret lover   A debt-ridden farmer promised to marry his secret lover weeks before murdering his wife for a ?400,000 life insurance payout by running her over with his tractor, a court has heard.

(AFX UK Focus) 2008-11-12 01:33 China Life sees investment opportunities overseas  SHANGHAI, Nov 12 Reuters - China Life Insurance Co sees investment opportunities emerging overseas as foreign governments act to resolve the global credit crisis, newspapers quoted a senior company official as saying. Chief investment officer Liu Lefei was quoted by China Business News on Wednesday as saying China's biggest life insurer would cautiously but actively seek chances to buy foreign ...

Genworth Financial shares plunge on downgrade  BOSTON Shares of Genworth Financial Inc. sank to the stock's all-time low Tuesday, a day after Moody's Investors Service cut one of the insurance company's credit ratings and downgraded the financial strength of its life insurance subsidiary.

Ahead of the Bell: Life Insurers  NEW YORK Goldman Sachs Group Inc. changed its view on the life insurance sector to "Cautious" from "Neutral" Tuesday because it expects asset deterioration to continue.

Prudential, Hartford Drop; Goldman First to Say Sell (Update3)  Nov. 11 -- Prudential Financial Inc ., the No. 2 U.S. life insurer, and Hartford Financial Services Group Inc. dropped in New York trading on concern that investment losses and falling stock markets will force the companies to raise capital.

Prudential Halves Dividend After Third-Quarter Loss (Update2)  Nov. 11 -- Prudential Financial Inc. , the second-biggest U.S. life insurer, cut its dividend for the first time, halving the payout, after posting a third-quarter loss.

AIG Sale of Japan Units Finds Hesitant Buyers, Nikkei Says  Nov. 11 -- American International Group's planned sale of three Japanese life insurance subsidiaries hasn't attracted the interest of would-be buyers in Japan, Nikkei English News reported, citing no one.