Heightened scrutiny from state insurance regulators will be a headwind
Deal unlikely to result in substantial lessening of competition
Firms are expected to implement the new guidance by May 1
The regulator invites insurers to participate in a sixth quantitative impact study
But some MGAs have concerns they're being cut out of the process
The big insurers are also benefiting from additional economies of scale in their wealth management businesses
Traditional insurers likely won’t have to raise fresh capital
Ontario regulator says advisors may be on the wrong side of the rules
Five insurers registered with OSFI and CRA
New building will house the Montreal operations of Manulife and Standard Life and allow for future growth