Latest Medicare Update November 23, 2008 at 07:55 AM

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China Life Insurance eyes stakes in banks-source (Reuters via Yahoo!


China Life Insurance eyes stakes in banks-source (Reuters via Yahoo! Asia News)
SHANGHAI, Nov 23 (Reuters) - China Life Insurance Co. , the country's top life underwriter, is in final talks to buy a stake of up to 10 percent stake in mid-sized Huishang Bank Co., its latest attempt to diversify into the country's banking industry.

Fortis to set up life insurance JV in India (Reuters via Yahoo! Asia News)
BRUSSELS, Nov 23 (Reuters) - Belgian-Dutch financial services group Fortis said on Thursday it had signed an agreement to set up a life insurance joint venture in India.

HUGIN NEWS/IDBI Bank, Federal Bank and Fortis sign Joint Venture Agreement to establish a new life insurance company in (FinanzNachrichten)
IDBI Bank, Federal Bank and Fortis ( Nachrichten / Aktienkurs ) announced today that they have signed a Joint Venture Agreement to establish a new life insurance company, which will offer a full range of life insurance and long-term savings products to the Indian market.

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