Life & Health Insurance M&A » By The Online Investor Staff, updated Wed., Apr. 24, 5:15 PM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
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Slide #23. John Hancock — Symetra Investment Services
Acquirer:
John Hancock (NYSE:MFC)
Acquiree:
Symetra Investment Services
Details:
John Hancock, a unit of Manulife Financial Corporation (NYSE:MFC), today announced it has agreed to acquire Bellevue, Wash.-based Symetra Investment Services (SIS) from Symetra Financial Corporation (SYA). It is anticipated that the transaction will close in three to six months, subject to regulatory approvals. Terms were not disclosed.
Manulife Financial is a holding company. Through its subsidiaries, Co. is a life insurance company. Co.'s four operating segments are: Asia, which includes a range of health, protection, savings, medical, term and whole life products; Canada, which provides life, health, disability and specialty products, such as mortgage creditor and travel insurance; U.S., which provides a range of life insurance products, insurance-based wealth accumulation products, and has an in-force long-term care insurance business and an in-force annuity business; and Global Wealth and Asset Management, which provides investment advice and solutions to retirement, retail and institutional clients.
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