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11/30/2008 News For: Bajaj Allianz LifeLife for farmer Robert Wilson who drove tractor over wife for insurance money A debt-ridden Cumbrian farmer who drove over his wife in his tractor to claim her life insurance and start a new life with his secret mistress was jailed for life yesterday. SBI's non-life entry to hit New India Assurance hard CHENNAI— Once the state-owned State Bank of India SBI, India's largest lender, enters the non-life general insurance business following its recent tie-up with Insurance Australia Group Ltd. IAG, the country’s premier non-life insurer New India Assurance will start losing Rs 2 billion premium income annually.As a bancassurance partner, SBI currently contributes around Rs 2 billion as premium ... Regulator has room for improvement, life insurers say The Office of the Superintendent of Financial Institutions needs to improve its service to life insurance companies, according to a new report. On Thursday, OSFI published the report on the results of a survey it commissioned in Spring 2008 concerning its service to the life insurers. PICC Property Premium Income to Exceed 100 Billion Yuan in 2008 Nov. 29 -- Premium income at PICC Property & Casualty Co., China’s largest non-life insurer, will exceed 100 billion yuan $14.6 billion this year, President Wang Yincheng said. Friends Provident buys 30 per cent stake in Malaysian life business Friends Provident is buying a 30 per cent stake in AMMB Holdings Berhad life insurance business for £30m. ... William Russell launches discounted group life and income plans for expats William Russell has launched discounted corporate life insurance and income protection plans for small expat employers. ... Munich Re eyes AIG's Asian life insurance operations German reinsurer Munich Re has expressed its interest to acquire some of the Asian life insurance businesses that American International Group may sell in order to repay the rescue loan provided by the US government. Research and Markets: A Snapshots Analysis of the Netherlands' Life Insurance Market for 2008: Providing an Instant ... DUBLIN, Ireland----Research and Markets has announced the addition of the "Snapshots Netherlands Life Insurance 2008" report to their offering. Life insurer puts sale plan on hold Mutual life insurer Equitable Life has put plans to sell the society on hold. State Bank's non-life entry to hit New India hard By Venkatachari Jagannathan, Chennai, Nov 28 : Once the state-owned State Bank of India SBI, India's largest lender, enters the non-life general insurance business following its recent tie-up with Insurance Australia Group Ltd. IAG, the country's premier non-life insurer New India Assurance will start losing Rs.2 billion premium income annually. |