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11/11/2008 News For:

Life Insurance Low Cost

Settlement ends suits over General American Life Insurance's collapse  Goldman Sachs will pay $100.5 million to settle a lawsuit over the 1999 collapse of Missouri-based General American Life Insurance Co., once one of the country's biggest life insurers.

TM Asia bundles insurance with bereavement product  JAPANESE life insurance company TM Asia Life Malaysia Bhd, in collaboration with bereavement provider Nian En Memorial Park Sdn Bhd, yesterday launched bereavement product packaged with TM Asia Life Single Premium Investment-Linked plan.

SBI Life eyes Rs 11,000-cr business in FY09  SBI Life Insurance, the second largest private life insurance company in India, has targeted a total business volume of Rs 11,000 crore during the current year. Of the Rs 11,000 crore, new business or new premium, both single and regular, will account for Rs 8,500 crore.

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.

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.

Ahead of the Bell: Life Insurers  NEW YORK Goldman Sachs Group Inc. changed its view on the life insurance sector to "Cautious" from "Neutral" Tuesday because it expects asset deterioration to continue.

ProLogis Closes $80 Million Portfolio Financing for ProLogis North American Industrial Fund   ProLogis , a leading global provider of distribution facilities and services, announced today that it has closed an $80 million, secured financing with a North American life insurance company on behalf of an affiliate of ProLogis North American Industrial Fund .