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10/22/2008 News For: Life Insurance Tacoma WaFitch 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. TM ASIA LIFE MALAYSIA OFFERS INSURANCE PACKAGE WITH BEREAVEMENT PRODUCT KUALA LUMPUR, Oct 21 Bernama -- Japanese life insurance company, TM Asia Life Malaysia Bhd, in collaboration with bereavement provider, Nian En Memorial Park Sdn Bhd, today launched bereavement product packaged with TM Asia Life Single Premium Investment-Linked plan. 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. Include Life Insurance in Your 'Must Have' Budget - As you re-examine your monthly expenses to cover the escalating costs of food and fuel, it's important to consider life insurance in your plans. UKs Pru Life readies its bid for Philam Life THE United Kingdoms second-biggest life insurer Prudential is raising funds to acquire Philippine American Life and General Insurance Co. and other Asian assets of the troubled US firm American International Group. Taiwan's Fubon Financial to acquire local ING insurance unit TAIPEI: Fubon Financial Holding Co. of Taiwan said Monday it would acquire the Taiwanese division of Dutch banking giant ING Life Insurance for US$600 million. NLI America Offers Stop Loss Insurance Coverage To Clients Of The Principal Financial Group NEW YORK----Nippon Life Insurance Company of America, a leading provider of employee benefit solutions to U.S. companies, today announced it will offer Stop Loss insurance coverage to self-funded health insurance clients of the Principal Financial Group?. Fubon to buy ING's Taiwan life ins unit -report TAIPEI, Oct 20 Reuters - Taiwan's Fubon Financial <2881.TW> will buy ING's Taiwan life insurance unit for $600 million, propelling Fubon into the top five of Taiwan's life insurers, local media reported on Monday. |


