Www.gmbenefits.com Life Insurance

Www.gmbenefits.com Life Insurance
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11/11/2008 News For:

gmbenefits Life Insurance

A.M. Best Downgrades Ratings of Texas Life Insurance Company   OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit rating to ?a-? from ?a+? for Texas Life Insurance Company . The outlook for both ratings is stable.

MIB Life Index Reports North American Life Insurance Activity Off 1.8% in October   North American application activity for individually underwritten life insurance was down -1.8% in October year-over-year, according to the MIB Life Index. Year to date U.S. and Canadian activity remained stable off -1.9%, compared to the same ten months last year.

An Essential Analysis of the Non-Life Insurance Market in Sweden: With Forecasts, an Analysis of the Competitive ...   DUBLIN, Ireland----Research and Markets has announced the addition of the "Non-Life Insurance in Sweden" report to their 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.

Aviva Life premium income dips on partners' losses  Loss of two major bancassurance partners during April-September has pulled down premium income of Aviva India Life Insurance ? a company which collects more than half of its first-year premium income through banks.

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.

New York Life Opts Out of Capital Program  New York Life Insurance Co. announced Thursday that it will not participate in the Treasury Department's Capital Purchase Program.

Genworth Financial shares plunge on downgrade   Shares of Genworth Financial Inc. sank to the stock's all-time low Tuesday, a day after Moody's Investors Service cut one of the insurance company's credit ratings and downgraded the financial strength of its life insurance subsidiary.

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.