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11/11/2008 News For:

Term Or Permanent Life Insurance

Settlement ends suits over General American Life Insurance's collapse  Goldman Sachs will pay $100.5 million to settle a lawsuit over the 1999 collapse of Missouri-based General American Life Insurance Co., once one of the country's biggest life insurers.

Is the insurance sector in trouble? II  IN THE FACE of this worldwide financial meltdown, a life insurance company has to grapple with its own unique problems.

MIB Life Index Reports North American Life Insurance Activity Off 1.8% in October   North American application activity for individually underwritten life insurance was down -1.8% in October year-over-year, according to the MIB Life Index. Year to date U.S. and Canadian activity remained stable off -1.9%, compared to the same ten months last year.

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.

Union Bank & Trust to Offer Customers MyTerm(SM), Internet-Based Term Life Insurance Through Its Affiliation with ...   NEWARK, N.J.----Prudential Financial, Inc. today announced an agreement between its Individual Life Insurance business and Union Bankshares Corporation to offer MyTermSM, a simplified issue term life insurance policy available through the Internet to customers of Union Bank & Trust.

(AFX UK Focus) 2008-11-11 15:52 UPDATE 1-Goldman Sachs bearish on U.S life insurance sector  Recasts, adds details Nov 11 Reuters - U.S. life insurers will see continued asset deterioration in the next 12 to 18 months and need to raise incremental capital, said a Goldman Sachs analyst, who assumed the sector coverage with a bearish view. Shares of all major life insurers fell in early trade on the New York Stock Exchange following the report.

CNP Owners Back Cash Bid for Natixis Insurance Unit, Echos Says  Nov. 10 -- CNP Assurances SA, France's largest life insurer, has the support of its shareholders for a cash bid for the insurance unit of Natixis SA, Les Echos reported, citing an unidentified person.

Bisnis Indonesia Online ? Edisi Cetak ? Edisi Harian ? Keuangan  JAKARTA: PT AIG Life Insurance meluncurkan tiga varian produk unit-linked baru yang melindungi nasabah sampai dengan usia 99 tahun.

Genworth Financial names Ronald Joelson as CIO  RICHMOND, Va. Genworth Financial Inc. said Tuesday it named Ronald Joelson as chief investment officer, in charge of managing the mortgage and life insurer's nearly $70 billion investment portfolio.