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11/11/2008 News For: Variable Whole Life Insurance RatesSettlement ends suits over General American Life Insurance's collapse Goldman Sachs will pay $100.5 million to settle a lawsuit over the 1999 collapse of Missouri-based General American Life Insurance Co., once one of the country’s biggest life insurers. Birla Sun Life names Rahul Sinha as CMO Aditya Birla group's life insurance arm Birla Sun Life Insurance BSLI today said it has appointed Rahul Sinha as Chief Marketing Officer CMO. Sinha would be responsible for the marketing initiatives of the company and its offering. CNP Owners Back Cash Bid for Natixis Insurance Unit, Echos Says Nov. 10 -- CNP Assurances SA, France's largest life insurer, has the support of its shareholders for a cash bid for the insurance unit of Natixis SA, Les Echos reported, citing an unidentified person. 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. ... 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 . A day to honor area veterans Advertisement: AMERIPRISE FINANCIAL Planning your financial life. Whether you're starting a small business, obtaining life insurance, or sending your kids to college, I can help you plan to reach your financial goals through personal, customized financial planning. National Western Life Announces 2008 Third Quarter Earnings Ross R. Moody, President of National Western Life Insurance Company , announced today third quarter 2008 consolidated net losses of $9.8 million, or $2.78 per diluted Class A share, compared with consolidated net earnings of $15.6 million, or $4.38 per diluted Class A share, reported for the third quarter of 2007. Affiliate chiefs and their triumphs Outside Samsung Electronics, Lee Soo-bin, chairman of Samsung Life Insurance, is the eldest CEO. He leads a council of affiliate presidents. Lee Soo-chang, Samsung Life Insurance CEO, has introduced an in-company college to nurture financial experts. New York Life not to seek financial support from US govt New York Life Insurance Company today said it will not seek financial support from the US government, citing that the company is well capitalised. |


