Manulife Financial (MFC) and Ace Ltd. (ACE) are among the bidders for New York Life Insurance's...

|About: Manulife Financial Corpo... (MFC)|By:, SA News Editor

Manulife Financial (MFC) and Ace Ltd. (ACE) are among the bidders for New York Life Insurance's Hong Kong, Taiwan and South Korean assets, sources say. NY Life, which is unlisted, has reportedly hired Deutsche Bank (DB) to handle the sale of the three units, which could bring in $800M-$1B.