Incoming president and CEO Donald Guloien shares his thoughts on the future of the insurance giant
Manulife Financial Corp. has released its 2008 Public Accountability Statement, detailing the company’s philanthropic and sustainability efforts.“The financial turmoil that we have seen in the last year has highlighted the importance of giving back to the communities where we work and live,” says Dominic D’Alessandro, president and CEO. “Manulife is focused on helping our communities […]
Board reverses initial recommendation
Manulife program designed to help clients choose the right insurance
Manulife Financial Corp. has successfully completed its previously announced domestic offering of $600 million medium term notes.The 7.768% notes due 2019 were offered through an agency syndicate led by RBC Dominion Securities Inc. and Scotia Capital Inc.IE
BMO, CIBC, Manulife and TD recognized for programs to assist recent immigrants
Notes will pay a fixed rate of 7.768%
Moody’s Investors Service downgraded ratings on several units of Manulife Financial Corp. on Wednesday, after the company reported its first ever quarterly loss last month.The ratings agency downgraded the insurance financial strength ratings on subsidiaries including John Hancock Life Insurance Co to Aa3 from Aa1, and lowered the debt ratings of the subsidiaries by two […]
Manulife Financial Corp. has completed its offering of 18 million preferred shares at a price of $25 per share for gross proceeds of $450 million, the company announced on Wednesday.The previously announced offering of non-cumulative 5-year rate reset class A shares, Series 4, was underwritten by a syndicate of investment dealers led by RBC Capital […]
Gross proceeds will now total $350 million, an increase from the $200 million originally expected