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2/15/2009 News For: Paul Revere Life Insurance CompanyA.M. Best Withdraws Ratings of Resource Life Insurance Company OLDWICK, N.J.----A.M. Best Co. has withdrawn the financial strength rating of B+ and issuer credit rating of "bbb-" and assigned a category NR-3 to the FSR and an "nr" to the ICR of Resource Life Insurance Company . Sun Life targets U.S. growth, acquisitions Sun Life Financial is stepping up its push to expand its U.S. annuities and life insurance businesses through internal growth, and also plans to be ready to make acquisitions in the United States, a company official said on Wednesday. Sy, Ayala, Manulife groups shortlisted for Philam Life TAIPAN Henry Sy?s Banco de Oro, the Ayalas? Bank of the Philippine Islands, and the Manulife groups are the preferred bidders for Philippine American Life Insurance and General Insurance Co., four people with knowledge of the matter said. ING divests Taiwanese life insurance business to Fubon Financial Netherlands-based ING Group has closed the sale of its Taiwanese life insurance business to Fubon Financial Holding Company. Shenandoah Life releases Q&A page for policy holders The financially wobbling Shenandoah Life Insurance Company has released a Q&A page on its website for policy holders. The company has consistently refused requests for comment after the State Corporation Commission took it over on Thursday. Credit card before end of fiscal: LIC Mumbai: Life Insurance Corporation of India, which had earlier scheduled the launch of its credit card for January, will now do so before the end of March, a senior company official said. ? ... LIC to launch credit card before end-fiscal Life Insurance Corporation of India LIC would launch its credit card by March-end, which it had earlier scheduled for January, a senior company official said. ?We plan to launch our credit card before the end of this fiscal,? a ... Satyam, LIC discuss funding Scam-hit IT major Satyam Computer has initiated preliminary discussion with Life Insurance Corporation of India on funding, a senior LIC official said. Dai-ichi Mutual Life: Sec Valuation Loss Y484 Billion TOKYO -Dow Jones- Dai-ichi Mutual Life Insurance Co. said Friday it posted valuation losses of about Y484 billion on securities due to a sharp drop in its equity holdings. Credit card before end of fiscal: LIC Mumbai: Life Insurance Corporation of India, which had earlier scheduled the launch of its credit card for January will now do so before the end of March, a senior company official said. ? ... |
