Company working to establish “fortress levels of capital,” CEO says
Warren Thomson, who takes the helm as Manulife CIO, sees opportunities
Regulator says company failed to meet disclosure requirements regarding risks related to seg funds
CEO Guloien reports that Manulife’s consolidated MCCSR are near the highest levels in the firm’s history this quarter
Ratings on subsidiaries affirmed
Online resource helps advisors address small business owners’ financial needs
Manulife Financial Corp. has completed its domestic offering of 14 million Non-cumulative Rate Reset Class 1 Shares Series 1, the company said Wednesday.Priced at $25 a share, the offering raised gross proceeds of $350 million, after underwriters exercised their over-allotment option.The offering was underwritten by a syndicate of investment dealers led by Scotia Capital Inc. […]
Manulife Financial Corp. has appointed Scott Hartz as executive vice president, general account investments, the company said Monday.In this role, Hartz oversees all U.S., Canadian and Asian general account investments, with total assets exceeding $166 billion. Previously, Hartz, 48, oversaw all U.S. balance sheet investments for Manulife, a post he assumed in 2007. From 2004 […]
4.896% notes maturing in 2014
Net proceeds earmarked to reduce amounts outstanding under Manulife’s credit facility with Canadian chartered banks