HDFC to sell 7.15% in life venture to foreign partner (The Hindu)
Mumbai, Dec. 31 Housing finance company HDFC said on Monday that it has agreed to sell 7.15 per cent stake in its life insurance joint venture - HDFC Standard Life Insurance Company - to its foreign partner, Standard Life (Mauritius Holdings), at a pre-agreed price.

AEGON and Merrill Lynch Finalize Strategic Relationship; AEGON Completes Acquisition of Merrill Lynch Life Insurance ... (Centre Daily Times)
AEGON (AEX: AGN)(NYSE: AEG)(LSE: AGN) and Merrill Lynch (NYSE: MER) announced today they have finalized their agreement to form a strategic business relationship in the areas of insurance and investment products. AEGON USA, Inc. also completed the acquisition of Merrill Lynch Life Insurance Company and ML Life Insurance Company of New York for USD 1.25 billion in cash. The purchase price ...

Standard Life says to IPO Indian JV (Reuters via Yahoo! India News)
MUMBAI/LONDON (Reuters) - UK insurer Standard Life and Indian mortgage-lender Housing Development Finance Corp said they planned to float part of their life insurance joint venture in India before the end of 2009.