Largest Canadian insurer Manulife Financial Corp's (MFC.TO) U.S. unit will buy New York Life Insurance Co's retirement services business for an undisclosed amount.
Manulife Financial Corp
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John Hancock Financial, the US arm of Canadian life insurer Manulife Financial Corp. has bought three office properties in New York, Chiacgo and Boston collectively worth $618 million.
Sources interviewed by Bloomberg said Citigroup Inc is planning to give distribution rights to sell its products in Asia to at least two insurance firms.
Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday.
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