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11/18/2008 News For: Life Insuranceane QutesMax New York Life to hire 44,000 this fiscal Max New York Life Insurance, the country's fourth largest private sector insurer, mulls hiring around 14,000 employees and 30,000 agents in the current fiscal, at a time when many global companies are slashing jobs to cut costs amid global recession. Allianz Introduces the GenDex Life Insurance Series MINNEAPOLIS----Allianz Life Insurance Company of North America recently announced their new GenDex series of life insurance products is available for sale in over 30 states. Within the new series are the GenDex MomentumSM and GenDex SurvivorSM fixed index universal life insurance products, both of which offer the consumer the reassurance of knowing that if the insured dies, their beneficiaries ... IDBI Fortis Life opens branch in Chennai CHENNAI: IDBI Fortis Life Insurance has formally launched its branch in Chennai. The company, which started its operations in March this year, plans to have six branches in Tamil Nadu and 24 branches in the Southern region. IDBI Fortis Life ... (AFX UK Focus) 2008-11-17 19:05 Bids in for failed Japan insurer Yamato Life-report NEW YORK, Nov 17 Reuters - Eight bids have been received for failed Japanese insurer Yamato Life Insurance Co, Japan's Nikkei financial daily reported. Bidding ended Monday, and Yamato will narrow the number of bidders to two or three as early as this weekend and make a final selection early next year, the report on Nikkei's website said, without citing sources. The report said Yamato has ... FIRST COAST TICKER: Life insurance stocks aren't immune to market plunge Banking companies have received more attention recently, but life insurance stocks have also been in a free fall the last couple of months, particularly Prudential Financial Inc. Insurers await Fed OK for cash amid capital drain Life insurers, needing to rebuild capital after being drained by investment losses, are joining the long line of U.S. companies seeking to borrow under the government's $700 billion financial rescue program. Lincoln, Aegon May Buy S&Ls With `Unsafe' Practices (Update1) Nov. 17 -- Four of the world's biggest life insurers may acquire small banks that regulators have cited for improper practices to improve their own chances of getting cash from the $700 billion U.S. government bailout fund. |


