Thursday, March 9, 2006

Manulife Seeking "Sizable" Acquisitions

Reuters, Ed Leefeldt, 9 March 2006New York, March 9 (Reuters) - Canadian insurer Manulife Financial Corp. has put the wraps on its acquisition of U.S. life carrier John Hancock and is now looking for new U.S. targets, said the head of its U.S. unit on Thursday."It's almost inevitable that (the insurance industry) will consolidate, and we intend to participate as a buyer," said John DesPrez III,

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