Singapore's DBS and Canada's Manulife kicked off their 15-year bancassurance agreement by announcing plans to strengthen their electronic distribution platform.
Tag : bancassurance
The insurer has been striving to replace Jonathan Hekster as head of distribution partnership for Asia after he was promoted for his role in the bancassurance tie-up with DBS Bank.
The firm is striving to get its funds on more bank platforms in Hong Kong, and Myles Morin is leaving the territory to head a similar effort in Canada.
As part of the deal, the UK group will buy the Singaporean bank's life insurance arm.
The Chinese insurer pays $2.65 billion to become the largest shareholder in Fortis in a deal which both parties are calling highly synergistic.
The worldÆs local bank signs MOU with two Indian banks to develop a life-insurance business.
Irene Chung will promote the firm''s funds to regional and global banks.