Financial Briefs

Breaking financial news from Wall Street to Main Street

Manulife eyes bid for AIG’s Asian units

Posted by financialbriefs on September 26, 2008

Manulife Financial Corp. is weighing a bid for Asian operations of American International Group Inc., a move that would vault the Canadian insurer into the top ranks of one of the world’s hottest insurance markets.

Chief executive officer Dominic D’Alessandro and his successor Don Guloien, who will take over when Mr. D’Alessandro retires in May, have been meeting with investment bankers and financial advisers in the past week to look at an offer for parts of AIG, according to people familiar with the matter.

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