Tuesday, January 16, 2018

Manulife's US arm swept up in GE's $9.5-billion insurance writedown

The writedown follows a major review initiated last fall, during which GE consulted with its auditor, KPMG, and insurance regulators. Although the company was required to reassess its insurance reserves annually, the recent thorough analysis made GE's new CEO, John Flannery, realize the company's ...
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