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11/11/2008 News For: Whole Life Insurance s QuotesSettlement 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. 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. TM Asia bundles insurance with bereavement product JAPANESE life insurance company TM Asia Life Malaysia Bhd, in collaboration with bereavement provider Nian En Memorial Park Sdn Bhd, yesterday launched bereavement product packaged with TM Asia Life Single Premium Investment-Linked plan. 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. (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. 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. |


