Manulife pays $1.2b for DBS tie-up

The Canadian insurer fended off stiff competition for the bancassurance partnership from AIA, Prudential and the incumbent Aviva which called the price tag economically unviable.
April 08, 2015

Canadian insurer Manulife will pay DBS an initial $1.2 billion for the right to sell its insurance and wealth management products to the Singapore bank's increasingly affluent six million clients across Asia for 15 years.

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