China Financial Daily

November 8, 2008

Insurance Companies

Filed under: Financial News — Tags: — Nancy @ 9:19 am -0800

Two U.S. insurance institutions refused to the fund rescue from Government
The two insurance companies in the United States issued a statement saying that their financial condition were sound and they had sufficient capital to achieve their objectives, there is no need for government assistance. The two companies are the Massachusetts Mutual Life Insurance Co and New York Life Insurance Co.

Friendly-Country Assurance will have a big investment and will not lay off in China
Friendly-Country Assurance will not stop its expansion in China because of its parent company AIG Group troubling. Its investment in China will only increase, not reduce, and they will not consider layoffs.

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