Manulife Buys Broker-Dealer from CAI-Backed Symetra Financial

Canadian insurer Manulife Financial Corp., through its U.S. business division John Hancock Financial, has purchased Symetra Investment Services for an undisclosed amount. The broker-dealer/investment advisory company was sold by Symetra Financial Corp., a portfolio company of Canadian private equity firm CAI Private Equity. The transaction is expected to close within six months.

DealsCanadaNorth AmericaBriefs