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10/22/2008 News For: Term Life Insurance Over 70Protective Life and West Coast Life Introduce New Survivorship Universal Life Products Protective Life Insurance Company NYSE:PL and West Coast Life Insurance Company announced the release IRDA asks life cos to cut cost, improve products The insurance regulator has asked life insurance companies to cut costs and improve features on life insurance policies to stave off competition from mutual funds. Non-life insurance firms seek delay in capital call NON-LIFE insurers are asking the Finance Department to give them more time to comply with its new minimum capitalization and net worth requirements, saying moving the deadline to 2015 from 2011 should give them enough breathing space. Jackson(SM) Reports Total Sales and Deposits of $11.2 Billion LANSING, Mich.----Jackson National Life Insurance Company? generated $11.2 billion in total sales and deposits1 during the first three quarters of 2008, representing a 2-percent increase over the same period in 2007 and the highest level of total sales during the first three quarters in Jackson's history. En Banc 11th Circuit Case Tests Mail Fraud Law Arguments before the full 11th Circuit spanned the centuries as judges heard a case involving viaticals, investment products in which terminally ill patients sell their life insurance policy proceeds to investors who essentially bet the patients will die soon. (AFX UK Focus) 2008-10-21 10:06 Bank of Beijing eyes buying into ING insurance JV SHANGHAI, Oct 21 Reuters - Bank of Bejing, 16 percent owned by ING Groep NV, said on Tuesday it is in talks to buy a 50 percent stake in one of ING's life insurance ventures in China from the venture's Chinese partner, as it moves to diversify its businesses. Bank of Beijing is negotiating with Beijing Capital Group Co to buy its stake in ING Capital Life Insurance Co, the Beijing-based lender ... ING to sell Taiwan life insurance business LONDON: A day after receiving a 10-billion euro $13.4 billion infusion from the Dutch Government, financial services firm ING on Monday announced sale of its Taiwanese life insurance business for about 447 million euro $600 million to ... Bank of Beijing weighing stake in ING insurance JV Bank of Beijing Co. is seeking to buy a half stake in ING Groep NV's Chinese life insurance joint venture, according to media reports. Bank of Beijing eyes buying into ING insurance JV SHANGHAI, Oct 21 Reuters - Bank of Bejing <601169.SS>, 16 percent owned by ING Groep NV , said on Tuesday it is in talks to buy a 50 percent stake in one of ING's life insurance ventures in China from the venture's Chinese partner, as it moves to diversify its businesses. Nippon Life to Boost Overseas Bond Holdings as Yen Strengthens Oct. 21 -- Nippon Life Insurance Co. , Japan's biggest life insurer, will boost overseas bond holdings by 300 billion yen $2.9 billion in the fiscal second half while cutting those with currency hedges as the yen strengthens. |