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11/11/2008 News For:

Life Insuranceeace

UPDATE 2-Goldman bearish on US life insurers  Nov 11 Reuters - Shares of all major U.S. life insurers fell sharply in afternoon trade, after Goldman Sachs analyst Chris Neczypor assumed coverage of the sector with a bearish view, saying the segment will see asset deterioration in the next 12 to 18 months and needs to raise more capital.

(AFX UK Focus) 2008-11-11 15:52 UPDATE 1-Goldman Sachs bearish on U.S life insurance sector  Recasts, adds details Nov 11 Reuters - U.S. life insurers will see continued asset deterioration in the next 12 to 18 months and need to raise incremental capital, said a Goldman Sachs analyst, who assumed the sector coverage with a bearish view. Shares of all major life insurers fell in early trade on the New York Stock Exchange following the report.

Aviva Life ties-up with Anagram Stockbroking Ltd  Indore, Nov 11: Aviva Life Insurance, today, announced their distribution tie-up with Anagram Stockbroking Ltd, one of India's leading stockbroking firms for the sale of life insurance products.

Prudential, Hartford Drop; Goldman First to Say Sell (Update1)  Nov. 11 -- Prudential Financial Inc ., the No. 2 U.S. life insurer, and Hartford Financial Services Group Inc. dropped in New York trading on concern that investment losses and falling stock markets will force the companies to raise capital.

Prudential, DLF get in-principle nod for fund unit  MUMBAI, Nov 11 Reuters - India's most valuable real estate firm, DLF Ltd , and American life insurer Prudential Financial Inc PFI said they have an in-principle regulatory approval for a mutual fund venture formed in December.

Financial climate slowing sale of AIG's Japan assets: report  The weakened balance sheets of prospective buyers is hampering American International Group's planned sale of three Japanese life insurance companies, according to a published report.