Revenue grows; CFO Michael Bell to depart
Low interest rates and volatile stock markets in North America have pushed Canadian insurers to expand their ventures in emerging markets.
Rating agency cites insurers efforts to reduce risk
Insurer is working with the government to expedite the final stages of the license approval
Agreement will boost co-operation in areas such as insurance custody and bancassurance
Fraser brings financial background, management experience, and leadership role on international accounting issues
Insurer could take another charge of up to $500 million or more if global markets don’t rebound
Hsieh’s knowledge of Asian and international business will asset to firm
Insurance giant reduces exposure to risky investments
Insurer lengthens the duration of its fixed income investments