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Analyst Ponders A Canadian Insurer's Shopping List

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The Financial Post of Toronto quotes a market watcher who thinks Manulife Financial Corp. is ready to make another deal for a U.S. insurer.

Manulife, Toronto, which already owns John Hancock, Boston, would be in a good position to acquire Principal Financial Group Inc., Des Moines, Iowa, or Lincoln National Corp., Philadelphia, and each of those companies could make a good strategic fit for Manulife, according to a Post interview with Andre-Philippe Hardy, an analyst at RBC Dominion Securities Inc., Toronto.

Representatives for Manulife, Principal and Lincoln say their companies do not comment on speculation or rumors about possible acquisitions.

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