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DBS and Manulife partner in US$1.2bn deal

Singaporean lender DBS has signed 15-year regional distribution agreement with insurer Manulife Financial, covering Indonesia, China, Hong Kong and Singapore. The agreement, announced today (8 April), will come into effect on the 1 January 2016. Under the terms of the partnership, Manulife will pay DBS US$1.2 billion to market life and health insurance solutions to the bank’s customers. The cost…

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