Manulife Financial News

Canadian Life Insurers to See Double-Digit Profit Drop in Q2 on COVID-19 Impact

Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has ushered in decade-low interest rates and weighed on sales. Analysts predict declines in underlying earnings per share of between 10% …

Manulife Financial’s CEO Apologizes to Employees for Executives’ Spoof Rap Video

Manulife Financial Corp. Chief Executive Officer Roy Gori apologized to employees for a spoof rap video that was part of the executive team’s year-end message. The internal video, the third in an annual series featuring different music genres, was retracted …

Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife

When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to decrease general health costs …

Canada’s Intact Financial Not Planning to Insure Recreational Cannabis Industry

Don’t expect Intact Financial Corp., Canada’s largest property and casualty insurer, to insure the recreational-cannabis industry anytime soon. “It’s not seen as the pot of gold that we should chase after,” Chief Financial Officer Louis Marcotte said Tuesday at the …

Allianz, AXA & Sompo to Distribute Products Across Asia via CIMB Bank Branches

Allianz SE, AXA SA and Sompo Japan Nipponkoa Holdings Inc. made final bids for the rights to distribute their general insurance products through CIMB Group Holdings Bhd.’s branches across Asia, people with knowledge of the matter said. CIMB could fetch …

Foreign Insurers Enter Myanmar Market with Hope, Caution

The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential Plc, AIA Group Ltd and Manulife Financial Corp. are among the global insurance giants …