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10/22/2008 News For:

Life Insurance Sites

End of life insurance?  The rate at which South Africans are defaulting on their life insurance policies has jumped by 260%.

Women lag when it comes to buying life insurance  Women continue to trail men when it comes to life insurance coverage.

Non-life insurance firms seek delay in capital call  NON-LIFE insurers are asking the Finance Department to give them more time to comply with its new minimum capitalization and net worth requirements, saying moving the deadline to 2015 from 2011 should give them enough breathing space.

ADAG eyes AIG's Asian life insurance business  NEW DELHI: Reliance Anil Dhirubhai Ambani Group ADAG is looking to buy out the Asian insurance business of AIG. If it goes through, the deal, which would exclude AIG?s Indian businesses, would make Reliance South-East Asia?s largest life insurer.

Nippon Life to Boost Overseas Bond Holdings as Yen Strengthens  Oct. 21 -- Nippon Life Insurance Co. , Japan's biggest life insurer, will boost overseas bond holdings by 300 billion yen $2.9 billion in the fiscal second half while cutting those with currency hedges as the yen strengthens.

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.

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-'.

En Banc 11th Circuit Case Tests Mail Fraud Law   Arguments before the full 11th Circuit spanned the centuries as judges heard a case involving viaticals, investment products in which terminally ill patients sell their life insurance policy proceeds to investors who essentially bet the patients will die soon.

NY Life Receives Information Management Award  New York Life Insurance Company has received ARMA International's Cobalt Award for excellence in records and information management.

Bank of Beijing May Buy Half of ING Life Venture (Update2)  Oct. 21 -- Bank of Beijing Co. , part owned by ING Groep NV , is in talks to buy half of ING's Chinese life insurance venture in what would be its second acquisition in three months.