BMO to Acquire AIG's Canadian Life Insurance Business

TD Securities, 14 January 2009EventBMO announced an all-cash deal to acquire AIG�s Canadian Life Insurance business.ImpactNeutral. While not likely at the top of BMO's current strategic priorities, the bank moved on an opportunity presented by AIG to grow the bank's presence in insurance. Insurance is a potential growth area for the industry and to us, it makes sense for BMO to be there. The