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10/22/2008 News For:

Term Provider Insurance Life Insurance

Fitch Downgrades Security Benefit Life Insurance's IFS to 'BB'   CHICAGO----Fitch Ratings has downgraded the Insurer Financial Strength ratings of Security Benefit Life Insurance Company and its affiliate, First Security Benefit Life Insurance and Annuity Company of New York , collectively referred to as Security Benefit, to 'BB' from 'BBB-'.

ING to sell Taiwan life insurance biz to Fubon Financial  A day after receiving a 10 billion euro infusion from the Dutch Government, financial services firm ING on Monday announced sale of its Taiwanese life insurance business for about 447 million euro USD 600 million to Fubon Financial Holding.

Bank of Beijing eyes buying into ING insurance JV  SHANGHAI, Oct 21 Reuters - Bank of Bejing <601169.SS>, 16 percent owned by ING Groep NV , said on Tuesday it is in talks to buy a 50 percent stake in one of ING's life insurance ventures in China from the venture's Chinese partner, as it moves to diversify its businesses.

Bank of Beijing weighing stake in ING insurance JV  Bank of Beijing Co. is seeking to buy a half stake in ING Groep NV's Chinese life insurance joint venture, according to media reports.

ING to sell Taiwan life insurance business  LONDON: A day after receiving a 10-billion euro $13.4 billion infusion from the Dutch Government, financial services firm ING on Monday announced sale of its Taiwanese life insurance business for about 447 million euro $600 million to ...

ING to sell off Taiwan insurance unit  The Dutch financial services company ING Group said Monday that it would sell its sell its Taiwan life insurance unit to Fubon Financial, a day after it received a massive capital injection from taxpayers.

Taiwan's Fubon Financial to acquire local ING insurance unit  Fubon Financial Holding Co. of Taiwan said Monday it would acquire the Taiwanese division of Dutch banking giant ING Life Insurance for 600 million US dollars.

Taiwan's Fubon Financial to acquire local ING insurance unit  A branch of the Dutch bank ING in the centre of Brussels, Belgium on October 8. Taiwan's Fubon Financial Holding Co has said it would acquire the Dutch banking giant's Taiwanese life insurance unit for US$600 million.

Rating agencies downgrade Fubon on capital concerns  Both Moody?s Investors Service and Taiwan Ratings Corp ???? yesterday revised downward their ratings on Fubon Financial Holding Co ???? from ?stable? to ?negative? on capital adequacy concerns, one day after the nation?s second-largest financial service provider inked an agreement to acquire ING Antai Life Insurance Co Taiwan ???? for US$600 million.

Fitch Downgrades Genworth's IDR to 'A-'; Life IFS to 'A+'; Outlook Negative   CHICAGO----Fitch Ratings has downgraded Genworth Financial, Inc.'s Issuer Default Rating to 'A-' from 'A+' and primary life insurance subsidiary Insurer Financial Strength ratings to 'A+' from 'AA-'.