Manulife acquires Benesure

Manulife Financial today announced it has completed its previously announced acquisition of Benesure Canada Inc., a third-party administrator and distributor of life and disability insurance solutions to the mortgage broker marketplace.

The transaction makes Manulife Affinity Markets Canada’s largest provider of mortgage insurance solutions for mortgage brokers, with revenue premiums in excess of $65 million from more than 170,000 Benesure Canada Inc. clients.

Also read:

Manulife acquires Wellington West’s MFDA advisors

Manulife beefs up China presence

Manulife launches private wealth arm

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.