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11/10/2008 News For:

Decline Term Insurance

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.

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.

(AFX UK Focus) 2008-11-10 01:09 AIG plans to sell Taiwan insurance unit for $2-2.5 bln-paper  TAIPEI, Nov 10 Reuters - American International Group Inc is planning to sell its Taiwan life insurance unit for US$2-2.5 billion, the Economic Daily reported on Monday.

New York Life Opts Out of Capital Program  New York Life Insurance Co. announced Thursday that it will not participate in the Treasury Department's Capital Purchase Program.

National Western Life reports net loss in Q3  National Western Life Insurance Company has reported consolidated net losses of $9.8 million or $2.78 per diluted class A share for the third quarter of 2008, compared with consolidated net earnings of $15.6 million, or $4.38 per diluted class A share, reported for the third quarter of 2007.