Canadian insurer Manulife Financial Corp and Switzerland's Ace Ltd are among bidders for New York Life Insurance Co's Asian assets

Reuters was alone on August 26 with news that Canadian insurer Manulife Financial Corp and Switzerland’s Ace Ltd are among bidders for New York Life Insurance Co’s Asian assets, in a deal valued between $800 million and $1 billion. The story, of keen interest to our banking and wealth management clients, was picked up by Canada’s Globe and Mail, Fox Business network and other media outlets.