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(Corrects paragraph 11 to clarify CEO comments on proceeds from Asian sales) By Denny Thomas HONG KONG (Reuters) – Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among suitors expected to place first-round bids on Friday to buy ING Groep’s Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, sources familiar with the matter said. A sale topping $7 billion could rank as Asia’s top insurance M&A deal and would help the bailed-out bancassurer repay the 3 billion euros of state aid plus the 50 percent premium it still owes the Dutch government. ING has turned into a divestment machine since receiving the state aid and has sold 15.2 billion euros worth of assets across the world.

ING's Asia life insurance sale shifts into top gear

By Denny Thomas HONG KONG (Reuters) – Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N) are among suitors expected to place first-round bids on Friday to buy ING Groep’s (ING.AS) Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, sources familiar with the matter said. A sale topping $7 billion could rank as Asia’s top insurance M&A deal and would help the bailed-out bancassurer repay the 3 billion euros of state aid plus the 50 percent premium it still owes the Dutch government

Obama has settled on a plan of deception about Bain – Washington Post (blog)

Yesterday, at a speech in Youngstown, Ohio, Vice President Joe Biden continued the story of Mitt Romney and Bain Capital. As I’ve said before, I think the Obama campaign has this story plotted out to have a beginning, middle and then crescendo in late October. The Obama campaign hopes Romney takes the bait and begins to use his time to defend this investment or that investment

Informatica Provides Coverage For Big Data in the Insurance Industry

ACORD LOMA INSURANCE SYSTEMS FORUM, ORLANDO, May 16, 2012 (GLOBE NEWSWIRE) — Informatica Corporation (NASDAQ: INFA – News), the world’s number one independent provider of data integration software, today announced the immediate availability of two data integration capabilities of special relevance to the insurance industry: XMap and HParser. Working alone or in concert, the improved capabilities enable insurance organizations to more effectively address the opportunities and challenges around ACORD insurance standards and big data.In a recent customer-hosted benchmark, XMap and HParser were used in the processing of three gigabytes of proprietary insurance XML on Amazon Elastic MapReduce (Amazon EMR).

Insurance Networking News, Celent Announce Top Technology Vendors In 2012 Customer Survey

ORLANDO, Fla., May 16, 2012 /PRNewswire/ – (http://www.myprgenie.com) – Insurance Networking News (INN) and Celent released INN’s sixth annual technology solution provider ranking for the insurance industry last night at an awards event held at the ACORD LOMA Insurance Systems Forum in Orlando.

LifeInsuranceBids.com Launches New Site to Instantly Compare Life Insurance Quotes – SBWire (press release)

San Fransisco, CA — (SBWIRE) — 05/16/2012 — Life Insurance is a necessity for those with families who need to make sure that the immediate impact of an unexpected or sudden death might leave behind. The insurance gives peace of mind to those with dependents who need to make sure their arrangements are taken care of.Life Insurance policies are many and varied, and finding the best deal on life insurance can often be an arduous and confusing process. Life Insurance Bids has been launched to allow users to compare life insurance bids and get free life insurance quotes that are clear and competitive.

INVESTORS HERITAGE CAPITAL CORP – 10-Q – Management’s Discussion and Analysis … – Insurance News Net (press release)

INVESTORS HERITAGE CAPITAL CORP – 10-Q – Management's Discussion and Analysis … Insurance News Net (press release) Investors Heritage Life offers a full line of life insurance products including, but not limited to, whole life, term life , single premium life, multi-pay life and annuities. Investors Heritage Life's primary lines of business are insurance policies …

Universal Clients to Benefit From LFV's Competitive Aviation Insurance Offerings

EBACE, GENEVA–(Marketwire -05/14/12)- To help meet its clients’ insurance needs associated with operation of their aircraft, Universal Weather and Aviation, Inc. (EBACE exhibit #7080) has developed a relationship with LFV Aviation Insurance Brokers/Luftfahrt-Versicherungslösungen AG (LFV).

Life insurance: Battling against the odds

December 30, 2011: The life insurance sector has witnessed robust growth in the past decade with private players entering the fray. But rapid changes in the regulations and highly volatile equity markets were duly mirrored in the new business premium for the industry in the last one year. According to the Insurance Regulatory and Development Authority (IRDA), the first-year new-business premium (single and regular) underwritten by the life insurance companies declined on an average by 40 per cent in the last seven months.

Seaside Insurance Holds Ribbon Cutting for Carolina Beach Location – Island Gazette

Details Published on Sunday, 13 May 2012 01:05 Written by Super User Photos By: SouthernDigitalArt.com By: Jasmine K. McKeeStaff Writer Last week Seaside Insurance along with the Pleasure Island Chamber of Commerce held a Ribbon Cutting Ceremony for their second location in Carolina Beach