JPMorgan Chase Completes Sale of Insurance Underwriting Business to Protective Life (Business Wire via Yahoo! Finance)
CHICAGO----July 3, 2006--JPMorgan Chase & Co. announced today it has completed the sale of its life insurance and annuity underwriting business to Protective Life Corporation . Chase will continue to meet customers' insurance and annuity needs through select third-party providers.

Insurance Australia to Pay A$375 Mln for China Stake (Update1) (Bloomberg.com)
July 3 (Bloomberg) -- Insurance Australia Group Ltd., the nation's largest auto and home insurer, agreed to buy 24.9 percent of China Pacific Property Insurance Co. for as much as A$375 million ($279 million).