Manulife Likely to Add $2 Billion to its Existing $3 Billion Excess Capital

Canadian Press, Gary Norris, 9 February 2006Manulife Financial Corp. is making more money than it knows what to do with but the insurer's chief executive said Thursday he is not looking for any major new acquisitions.After a 20-per-cent rise in fourth-quarter earnings despite increased claims, the global insurance company is sitting on about $3 billion in excess capital, with a likelihood of