Life insurer IPOs net hefty fees

Article Abstract:

Underwriters for the initial public offering of Sillery, Que.-based Industrial Alliance Life Insurance Co. may receive additional fees of almost $1.9 million. Dealers have received almost $239 million in fees from five demutualized Canadian life insurance firms.

Industrial Alliance Life Insurance Co.

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Disease cramps Manulife sales in Asia

Article Abstract:

Manulife Financial Corp., which is led by chief executive officer Dominic D'Alessandro, has reported that its Asian operations have been hindered by the SARS outbreak. Manulife reported a drop in sales for its life insurance products in Hong Kong.

Financial management, Asia, Hong Kong, Health aspects, Economic aspects, Insurance, Company financing, Manulife Financial Corp., Severe acute respiratory syndrome

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Clarica results beat street forecasts

Article Abstract:

Clarica Life Insurance bests financial forecasts. Company officials announced a profit of $105 million in the most recent quarter despite rumors of a takeover and the $25 million payout related to the World Trade Center Attack.

Forecasts and trends, Company Profile, Clarica Life Insurance Co.

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