The two insurers benefited from strong growth in Asia in the third quarter
Q3 2019 profit surges 20% to $681 million
Appointment is effective immediately
DBRS says the sector "remains well capitalized"
The bancassurance distribution channel is entrenched in Europe and growing in popularity in Asia
The big three life insurers recorded better results in 2018
The sale will not affect the firm’s Canadian life insurance businesses
Rating agency expects the big life insurers to produce strong results in 2019, with returns in the low- to mid-double-digit range
Brad Fedorchuk and Paul Orlander will report to Jeff Macoun, president and COO
Updated guideline for federally regulated insurers takes effect Jan.1, 2019