Asahi Life to acquire MVI Life from Manulife.

Asahi Life, a Japanese insurance company, agreed to acquire MVI Life, a Vietnam-based life insurance company, from Manulife, a Canadian multinational insurance company and financial services provider. Financial terms were not disclosed. "This agreement aligns to our strategic focus and continued commitment to Vietnam. Upon regulatory approval and completion, the transaction will allow us to dedicate our entire focus on serving our customers in the country through Manulife Vietnam, an important market and business for Manulife Asia since 1999," Steve Finch, Manulife President and CEO of Asia.