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Chip Insurance
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2/5/2009 News For:

Chip Insurance

Insurance Industry Seeks TARP Funds  The banking collapse caused the insurance industry to buckle. Washington Post reporter David Hilzenrath says that to stay afloat life insurance companies are seeking funds from the federal government's Troubled Assets Relief Program as well as relaxed regulations and accounting rules.

Nagarjuna Construction sells 1 bln rupees of bonds  MUMBAI, Feb 5 Reuters - Nagarjuna Construction has sold 1 billion rupees of bonds with a coupon rate of 11.95 percent to Life Insurance Corporation of India, the company informed the stock exchange.

Aviva hits 2011 US growth goal early  Aviva PLC said life insurance and pension sales grew 11 percent last year, helped in part by a strong performance from its Des Moines-based AvivaUSA operations.

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Life Insurance

Standard Life chief speaks on global slowdown UK-based Standard Life, the joint venture partner in HDFC Standard Life Insurance and HDFC Asset Management Company, is entering the Indian private equity space. Gerry Grimstone, chairman of the British insurance major, speaks to Business Standard's Shilpy Sinha on the impact of the economic slowdown and the company's investment plans.

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