Variable Universial Life Insurance

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11/11/2008 News For:

Variable Universial Life Insurance

BoB likely to start life insurance biz early next fiscal  State-run Bank of Baroda has said its life insurance venture with the UK-based Legal and General Group is expected to start business in the first quarter of the next fiscal.

Insurance / Perspectives  Last week, in the first part of this interview, BNamericas spoke to Antonio C?ssio dos Santos to discuss Brazilian private pension and life insurance federation FenaPrevi's priority projects for the year, which included passing microinsurance legislation and building a comprehensive actuarial data management system unique to the country.

AIG Sale of Japan Units Finds Hesitant Buyers, Nikkei Says  Nov. 11 -- American International Group's planned sale of three Japanese life insurance subsidiaries hasn't attracted the interest of would-be buyers in Japan, Nikkei English News reported, citing no one.

Friends Provident to buy 49% of AmAssurance  KUALA LUMPUR: Friends Provident plc is set to buy a 49% stake in AmAssurance Bhd. The deal would see AmAssurance gain a partner that would help it grow the life insurance side of AMMB Holdings Bhd?s business.

AIG aims to sell Taiwan insurance unit in Q1  American International Group Inc is aiming to sell its 95 per cent stake in Taiwan life insurer Nan Shan Life, in a deal that local media estimated would be worth $2-2.5 billion.

Norwich Union legal staff facing costs cull  Norwich Union is to radically overhaul the legal team of its life insurance business, slashing 20 per cent of its annual budget. ...

ProLogis Closes $80 Million Portfolio Financing for ProLogis North American Industrial Fund   ProLogis , a leading global provider of distribution facilities and services, announced today that it has closed an $80 million, secured financing with a North American life insurance company on behalf of an affiliate of ProLogis North American Industrial Fund .

A.M. Best Downgrades Ratings of Citizens Security Life Insurance Company and Its Affiliate; Revises Outlook to Negative   OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength ratings to C++ from B- and issuer credit ratings to ?b? from ?bb-? for Citizens Security Life Insurance Company [OTC: CFIN ] and its affiliate, United Liberty Life Insurance Company .

TowerGroup: Life Insurance Industry Must Shift Product Mix, Adjust Distribution and Focus on Cost Containment During ...   NEEDHAM, Mass.----Although the U.S. life insurance industry is not as deeply impacted by the current economic crisis as other segments of the financial services industry, the interconnectedness of banks, asset managers, brokerage firms, and insurers themselves means it is not immune.

Bajaj Allianz tie-up with Himachal Gramin Bank (HGB) to distribute insurance product  Mumbai, Nov 7 : Bajaj Allianz Life Insurance and Himachal Gramin Bank HGB have joined hands to provide life insurance solutions across 11 districts of Himachal Pradesh through their 119 branches, with 114 rural branches and five semi-rural branches.