Latest News in Life Insurance – Jan 18, 2008
January 18, 2008 by Be Safe Insure
Filed under Trends
‘Who Knew a Life Insurance Company Would Help Me Buy a Car?’
Forbes – Shirley Umporowicz, Colona, IL, had her prayers answered by Royal Neighbors of America, a fraternal life insurance organization. She needed a car to get to work and she now has the money to make that purchase thanks to Royal Neighbors’ “Nation of …
Standard Life eyes top China insurance slot
Reuters UK – BEIJING (Reuters) – British insurer Standard Life (SL.L: Quote , Profile , Research ) wants to expand its China operations and is eyeing other Asian markets from Japan to South Korea as part of a drive to extend its global reach, a senior executive …
TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 GMT
CNBC – 2008-01-18 03:06:23 ING, China Pacific Insurance JV unaudited 2007 net profit at 27 mln yuan BEIJING (XFN-ASIA) – Pacific Antai Life Insurance Co, a 50-50 joint venture between ING Group and the China Pacific Insurance (Group) Co (SHA 601601 …
LIC Housing to issue shares to founder, First Gulf
Reuters India – It would issue 5 million shares to First Gulf Bank and 3.4 million shares to Life Insurance Corp of India, the country’s largest insurer, it said in a statement. Ahead of the news, shares in the company ended 10.03 percent down at 344.05 rupees in a …
Prudential sells investment-linked product in Vietnam
Reuters – Prudential Vietnam Assurance won a licence from the Finance Ministry on Tuesday for the product, the first in the country that offers life insurance and savings and investment at the same time, it said in a statement. Investment-linked products …
Canadian Life Companies Split Corp.: Regular Monthly Dividend …
Market Wire – CLC Split invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Life, Industrial Alliance, Manulife Financial and Sun Life Financial. Shares held within the portfolio are expected to range between 10 …
India’s HDFC Q3 net profit 6.49 bln rupees vs 3.55 bln UPDATE
CNBC – Third quarter net profit also included a 1.20 bln rupee gain, from the sale of its 7.15 pct stake in HDFC Standard Life Insurance Co Ltd to its joint venture partner Standard Life PLC. For the three months to Dec 31, total revenues rose to 21.55 bln …
Florida’s Insurance Crisis
Fort Lauderdale Sun-Sentinel – … pay rebates State Farm bowed to pressure from Florida officials by agreeing Tuesday to cut customers’ home insurance prices. The agreement also says State Farm can’t drop a homeowner policy because someone doesn’t buy automobile or life insurance from …
Mayor Hails City?s Immigrants and Innovation
New York Times – Dinkins and Sy Sternberg , chairman and chief executive of the New York Life Insurance Company, and to include Merryl H. Tisch, a philanthropist and member of the State Board of Regents. ?Traditionally, such career and technical education has been …
A.M. Best Withdraws Ratings of The Doctors’ Life Insurance Company
Forbes – A.M. Best Co. has affirmed the financial strength rating (FSR) of B+ (Good) and assigned an issuer credit rating (ICR) of “bbb-” to The Doctors’ Life Insurance Company (Doctors’ Life). The outlook for both ratings is stable. Doctors Life is a wholly …
