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11/13/2008 News For: Term Life Insurance PoilcyHEALTH: Free life insurance offered to low-income parents Free life insurance for qualified parents of school-age children is being offered through Mass Mutual Financial Group. Craig Nordyke Named Vice President and Chief Actuary at Fort Dearborn Life Insurance Company(R) Fort Dearborn Life Insurance Company announces the appointment of Craig Nordyke as vice president and chief actuary. Nordyke will be responsible for the planning, directing and controlling of the actuarial operations of Fort Dearborn Life. (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. Birla Sun Life appoints CMO NEW DELHI: Birla Sun Life Insurance has appointed Rahul Sinha as its Chief Marketing Officer. He will be responsible for the marketing initiatives , with the objective of being the target customer���s preferred brand and choice among life ... Satwalekar calls for regulatory changes Deepak M Satwalekar, MD & CEO, HDFC Standard Life Insurance, has called for regulatory changes to facilitate product innovations in the liberalised domestic life insurance industry. Moody's cuts ratings of Genworth Financial Credit ratings agency Moody's Investors Service on Monday cut its senior debt rating on Genworth Financial Inc. as well as the financial strength rating of its primary life insurance subsidiaries as credit market troubles affect the firm's profitability. LIC raises stake in Union Bank of India to 5.04 percent MUMBAI, Nov 12 Reuters - Union Bank of India said on Wednesday Life Insurance Corporation of India has acquired a further 1 million shares, or 0.2 percent stake, in the company from the open market, to raise its total holdings to 5.04 percent. Swiss Life to Miss Profit Target, Halts Share Buyback (Update1) Nov. 12 -- Swiss Life Holding , Switzerland's biggest life insurer, said full-year profit will miss its own target and plans to halt a share buyback after market turmoil eroded the value of investments. China Life eyes stakes in lenders China Life, the country's largest life insurer, will acquire stakes in unlisted companies, particularly commercial banks and infrastructure companies, a company executive said yesterday. "We've submitted a list of investment proposals, mainly in unlisted commercial banks and infrastructure firms, to the industry regulator," said Liu Lefei, China Life's chief investment officer. Liu, however, ... Genworth Financial shares plunge on downgrade BOSTON Shares of Genworth Financial Inc. sank to the stock's all-time low Tuesday, a day after Moody's Investors Service cut one of the insurance company's credit ratings and downgraded the financial strength of its life insurance subsidiary. |


