Scandal may touch Manulife: Merger partner John Hancock holds $152-million (U.S.) in Parmalat debt

Article Abstract:

Manulife Financial Corp. is expected to buy itself a portion of exposure to scandal-plagued Parmalat Finanzaria SpA as part of its $15-billion acquisition of US life insurer John Hancock Financial Services Inc. Boston-based Hancock holds $152-million (US) in public and private bonds issued by Parmalat, a multinational dairy products giant.

Italy, FOOD AND KINDRED PRODUCTS, INSURANCE CARRIERS, Food industry, Company acquisition/merger, Food and beverage production/distribution software, Parmalat Finanziaria S.p.A., MFC

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Job cuts concern Ottawa as it eyes takeover

Article Abstract:

Sun Life Financial of Canada's takeover attempt of Waterloo, Ont.-based Clarica Life Insurance Co. will be carefully reviewed by government regulators who are concerned over possible job reductions. The merger will be reviewed by Canada's Secretary of State for International Financial Institutions.

Government regulation (cont), Labor force information, Clarica Life Insurance Co., Sun Life Financial of Canada

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Manulife wins a second license in China

Article Abstract:

Manulife-Sinochem Life Insurance Company Ltd. of Shanghai, the joint venture of Manulife Financial Corp., has received a license from Beijing to open a second branch. Manulife Financial Corp. will also buy Connecticut General Insurance Co.'s business in Taiwan.

United States, Taiwan, China, Government regulation, Direct Health and Medical Insurance Carriers, Hospital and medical service plans, Medical Care Insurance, Licenses, Patents & Trademarks, Laws, regulations and rules, Intellectual property, Licensing agreements, Health insurance, Health insurance industry, Beijing, China, Manulife-Sinochem Life Insurance Company Ltd., Connecticut General Life Insurance Co.

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