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11/11/2008 News For:

Whole Life Insuranceange

Ahead of the Bell: Life Insurers  NEW YORK Goldman Sachs Group Inc. changed its view on the life insurance sector to "Cautious" from "Neutral" Tuesday because it expects asset deterioration to continue.

(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.

National Western Life reports net loss in Q3  National Western Life Insurance Company has reported consolidated net losses of $9.8 million or $2.78 per diluted class A share for the third quarter of 2008, compared with consolidated net earnings of $15.6 million, or $4.38 per diluted class A share, reported for the third quarter of 2007.

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.

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.

Genworth Financial names Ronald Joelson as CIO  RICHMOND, Va. Genworth Financial Inc. said Tuesday it named Ronald Joelson as chief investment officer, in charge of managing the mortgage and life insurer's nearly $70 billion investment portfolio.