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10/22/2008 News For:

Life Insurance Tables

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

Insurance firms buffeted by strong economic headwinds  Ukraine?s life insurance market is still in its infancy, with less than 5 percent of the population buying such policies ? very low by Western standards.

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.

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.

(AFX UK Focus) 2008-10-20 03:23 Taiwan's Fubon to buy ING's Taiwan life insurance unit for 600 mln usd - UPDATE  TAIPEI XFN-ASIA - Fubon Financial Holding Co Ltd 2881.TW said it has agreed to buy ING Group's Taiwan life insurance unit, ING Life Insurance Co Ltd, in a deal worth 600 mln usd.

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 ...

TM ASIA LIFE MALAYSIA OFFERS - 2  Jun said TM Asia Life Insurance is targeting a RM500 million revenue for this product over five years.

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-'.

GSIS prepares to bid for stake in Philamlife  MANILA, Philippines - The Government Service Insurance System GSIS is in talks with candidate foreign and local partners as it prepares to bid for as much as a 49% stake in the country"s largest life insurer, Philippine American Life & General Insurance Co. Philamlife, which has been put on sale by parent firm American International Group, Inc. AIG.

ARMA International Announces New York Life as the Winner of the 2008 Cobalt Award   The winner of the ARMA International Cobalt Award was announced today at ARMA International's 53rd Annual Conference and Expo in Las Vegas, NV. New York Life Insurance Company is the first recipient of this prestigious industry award, created to recognize the shift - and its resulting advantages - when an organization becomes focused on proper records and information management at a ...