Breaking News of Manulife Financial takeover of Boston- based insurer John Hancock was big news last week. The 15 billion dollar acquisition will vault the Canadian company to the top ranks of the global insurance industry. Market Capitalization that is second to Royal Bank of Canada. For the "bigger is always better" crowd.
President Dominic D' Alessandro tried to merge with Canadian Imperial Bank of commerce, but got nothing but the silent treatment. Then Canadian Life Financial outbid him. …
