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10/23/2008 News For: Whole Life InsuranceeanceSBI Life Insurance assigned "iAAA" MUMBAI- ICRA, one of India?s leading rating agencies, has assigned iAAA rating indicating highest claims paying ability to SBI Life Insurance Company Limited. Ninth bidder joins Yamato Life Insurance rehabilitation tender Another investment fund has stepped forward to join an initial tender to pick a company to finance the rehabilitation of failed Yamato Life Insurance Co., sources said Tuesday. Lawyer Hideo Seto, named last Friday by the Tokyo District Court as the insurer's bankruptcy administrator, earlier said eight entities ? two insurance firms and six investment funds ? were vying to take over the ... Protective Life and West Coast Life Introduce New Survivorship Universal Life Products Protective Life Insurance Company NYSE:PL and West Coast Life Insurance Company announced the release TM ASIA LIFE MALAYSIA OFFERS INSURANCE PACKAGE WITH BEREAVEMENT PRODUCT KUALA LUMPUR, Oct 21 Bernama -- Japanese life insurance company, TM Asia Life Malaysia Bhd, in collaboration with bereavement provider, Nian En Memorial Park Sdn Bhd, today launched bereavement product packaged with TM Asia Life Single Premium Investment-Linked plan. Bank of Beijing May Buy Half of ING Life Venture (Update2) Oct. 21 -- Bank of Beijing Co. , part owned by ING Groep NV , is in talks to buy half of ING's Chinese life insurance venture in what would be its second acquisition in three months. Fitch Downgrades Security Benefit Life Insurance's IFS to 'BB' CHICAGO----Fitch Ratings has downgraded the Insurer Financial Strength ratings of Security Benefit Life Insurance Company and its affiliate, First Security Benefit Life Insurance and Annuity Company of New York , collectively referred to as Security Benefit, to 'BB' from 'BBB-'. Bajaj Finserv reports net loss in July-Sept qtr MUMBAI, Oct 22 Reuters - Financial services firm Bajaj Finserv Ltd on Wednesday reported a loss for the quarter to September, hit by its life insurance business. Financial crisis spares AIG Ukraine, despite parent company?s lack of liquidity Meet Andriy Pikula in this Q&A, chairman of ALICO AIG Life Ukraine as he discusses the development of life insurance in Ukraine and dispels buyout rumors. Non-life insurance firms seek delay in capital call NON-LIFE insurers are asking the Finance Department to give them more time to comply with its new minimum capitalization and net worth requirements, saying moving the deadline to 2015 from 2011 should give them enough breathing space. Nippon Life to Boost Overseas Bond Holdings as Yen Strengthens Oct. 21 -- Nippon Life Insurance Co. , Japan's biggest life insurer, will boost overseas bond holdings by 300 billion yen $2.9 billion in the fiscal second half while cutting those with currency hedges as the yen strengthens. |