Industry

Manulife sells Life Retrocession business

Manulife Financial has entered into an agreement to sell its Life Retrocession business to Pacific Life Insurance, subject to regulatory approvals. The deal is expected to close during the third quarter 2011. Manulife’s Life Retrocession business has approximately 90 employees in offices in Toronto, Boston, Barbados and Cologne. It assumes risk from life reinsurers and […]

By Staff |July 18, 2011

1 min read

Have your say, Forums return to Advisor.ca

Share your thoughts, insights and opinions with others in the financial industry in our newly relaunched Forums.

By Staff |July 18, 2011

1 min read

India offers second chance for investors: BMO

As an underinvested and overambitious nation, India continues to emerge as one of the most promising investment destinations in the world. For investors who missed the boat on China, India could provide a second chance for high-growth, said Serge Pepin, head of investments, BMO Investments Inc. “We believe India has a bright future with its […]

By Vikram Barhat |July 18, 2011

3 min read

Court urges closure of bankruptcy loophole

The Supreme Court of Canada has ruled a Manitoba man does not have to pay his ex-wife an equalization payment on their marital home because he filed for bankruptcy. The Court acknowledged the unfairness of the ruling in Schreyer v. Schreyer, which occurred due to the cross-purposes of bankruptcy and family law. Since an equalization […]

By Melissa Shin |July 15, 2011

3 min read