Company Overview of The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company operates as a life insurance company in Asia, Canada, and the United States. It offers financial protection, and wealth management products and services to personal and business clients, as well as asset management services to institutional customers. The company offers various individual life insurance, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing. It also provides wealth management products, such as annuities, pension contracts, and mutual fund products and services; retirement products to group benefit plans; and annuity contracts with non-guaranteed, partially ...
200 Bloor Street East
Toronto, ON M4W 1E5
Key Executives for The Manufacturers Life Insurance Company
Senior Executive Vice President and Chief Financial Officer
Executive Vice President of General Account Investments and Member of Executive Committee
Compensation as of Fiscal Year 2014.
The Manufacturers Life Insurance Company Key Developments
The Manufacturers Life Insurance Company Announces Subordinated Debenture Issue
Nov 26 14
Manufacturers Life Insurance Company announced that it intends to issue $500 million principal amount of 2.64% fixed/floating subordinated debentures due January 15, 2025 (the "Debentures"). MLI intends to file a prospectus supplement to its December 13, 2013 base shelf prospectus in respect of this issue. The Debentures will bear interest at a fixed rate of 2.64% until January 15, 2020 and thereafter at a rate of 0.73% over the three month CDOR. The Debentures mature on January 15, 2025. Subject to prior regulatory approval, MLI may redeem the Debentures, in whole or in part, on or after January 15, 2020 at a redemption price equal to par, together with accrued and unpaid interest to the date fixed for redemption. The Debentures will constitute subordinated indebtedness, ranking equally and rateably with all other subordinated indebtedness of MLI from time to time issued and outstanding.
Manulife International Limited Launched ManuFlex Protector
Aug 26 14
Manulife International Limited launched ManuFlex Protector, an RMB-denominated universal life insurance plan, for customers looking for a single financial solution that combines life protection with savings features. ManuFlex Protector is designed to help address changes in customers' financial status. As long as the policy's surrender value remains positive, customers can reduce, temporarily suspend and then resume premium payments at any time. They can also take withdrawals from the policy's current surrender value any time after the first policy year, enabling customers to better manage their liquidity needs. The plan provides customers with whole life protection, plus interest accrued and earned daily. A loyalty bonus will be paid into the policy at the end of every five policy years, starting from the 15th policy anniversary, helping customers to grow their savings. ManuFlex Protector also offers two death benefit options providing customers and their family with peace of mind and financial security. This product is appealing to mass market customers as they can obtain a face amount as low as RMB 160,000. Besides, customers have an option to make top-up payments to bolster potential returns.
Canadian Solar Inc. Receives CAD 50.5 Million in Financing from The Manufacturer's Life Insurance Company
Apr 1 14
Canadian Solar Inc. announced that The Manufacturer's Life Insurance Company has agreed to provide approximately CAD 50.5 million in construction and term financing to Canadian Solar for the company's Mighty Solar power project located in Ontario, Canada. The Mighty Solar project will be acquired by Concord Green Energy Inc. after Commercial Operation. Bowmont Capital and Advisory acted as the Financial Advisor to Concord. Developed by Canadian Solar, construction of the 10 MW (AC) Mighty Solar power project commenced and connection is expected in the second quarter of 2014.
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