Posted AT 7:38 PM EST on 16/09/08
Manulife outlines $343-million exposure to AIG
Manulife Financial Corp., moving to reassure investors nervous about its links to teetering insurer American International Group Inc., said late Tuesday that it has $343-million of investments and derivatives linked to AIG.
Speculation had intensified about Manulife's exposure, along with that of Great-West Life, because the two firms had not responded Tuesday to questions about it, while rival Sun Life Financial Inc. disclosed on Monday that it has $334-million (U.S.
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