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11/10/2008 News For:

Life Insurance


BoB likely to start life insurance biz early next fiscal  State-run Bank of Baroda has said its life insurance venture with the UK-based Legal and General Group is expected to start business in the first quarter of the next fiscal.

Insurance / Perspectives  Last week, in the first part of this interview, BNamericas spoke to Antonio C?ssio dos Santos to discuss Brazilian private pension and life insurance federation FenaPrevi's priority projects for the year, which included passing microinsurance legislation and building a comprehensive actuarial data management system unique to the country.

Friends Provident to buy 49% of AmAssurance  KUALA LUMPUR: Friends Provident plc is set to buy a 49% stake in AmAssurance Bhd. The deal would see AmAssurance gain a partner that would help it grow the life insurance side of AMMB Holdings Bhd?s business.

A.M. Best Downgrades Ratings of Citizens Security Life Insurance Company and Its Affiliate; Revises Outlook to Negative   OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength ratings to C++ from B- and issuer credit ratings to ?b? from ?bb-? for Citizens Security Life Insurance Company [OTC: CFIN ] and its affiliate, United Liberty Life Insurance Company .

Bajaj Allianz tie-up with Himachal Gramin Bank (HGB) to distribute insurance product  Mumbai, Nov 7 : Bajaj Allianz Life Insurance and Himachal Gramin Bank HGB have joined hands to provide life insurance solutions across 11 districts of Himachal Pradesh through their 119 branches, with 114 rural branches and five semi-rural branches.

Fitch Places 9 Japanese Life Insurers on Rating Watch Negative  Fitch Ratings-Tokyo/HK/London/Singapore-07 November 2008: Fitch Ratings has today placed the ratings of nine Japanese life insurance companies on Rating Watch Negative RWN as detailed below.

Farmer accused of murdering wife to claim insurance FWi  A farmer killed his wife in an attempt to claim ?400,000 in life insurance to fund an extravagant lifestyle with his lover, a court has been told.

Rappahannock National Bank to Offer Customers MyTerm(SM), Internet-Based Term Life Insurance Through Its Affiliation ...   NEWARK, N.J.----Prudential Financial, Inc. today announced an agreement between its Individual Life Insurance business and Union Bankshares Corporation to offer MyTermSM, a new simplified issue term life insurance policy available through the Internet to customers of Rappahannock National Bank.

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