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11/11/2008 News For: Term Pro Insurance Life InsuranceSettlement 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. BoB likely to start life insurance biz early next fiscal State-run Bank of Baroda has said its life insurance venture with the UK-based Legal and General Group is expected to start business in the first quarter of the next fiscal. 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. (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. Aviva Life ties-up with Anagram Stockbroking Ltd Indore, Nov 11: Aviva Life Insurance, today, announced their distribution tie-up with Anagram Stockbroking Ltd, one of India's leading stockbroking firms for the sale of life insurance products. Regulators issue draft revision to capital requirements for life insurance cos. Canadian insurance regulators are proposing to revise their approach to setting capital requirements for the life insurance industry ahead of a new capital adequacy framework. Birla Sun Life names Rahul Sinha as CMO Aditya Birla group's life insurance arm Birla Sun Life Insurance BSLI today said it has appointed Rahul Sinha as Chief Marketing Officer CMO. Sinha would be responsible for the marketing initiatives of the company and its offering. 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. Fort Dearborn Life Insurance Company(R) Recognized as Voluntary Employee Benefits Sales Growth Leader Fort Dearborn Life Insurance Company has been recognized by Eastbridge Consulting Group, Inc. as a leader in voluntary sales growth among companies that wrote $30 million or less in new voluntary employee benefits sales in 2007. Cancer center asks to fund benefits through captive WASHINGTON?Memorial Sloan-Kettering Cancer Center is asking the Labor Department for permission to fund group term life insurance and long-term disability policies through its Vermont captive insurance company. |


