WATERLOO, ON, July 10, 2013 /CNW/ - Manulife Financial announced today
that it will donate $50,000 to assist with recovery efforts after the
deadly train derailment in Lac-Mégantic, Quebec last weekend. Canada's
largest insurer will direct $25,000 of the donation to the Canadian Red
Cross while the remaining $25,000 will be earmarked for community
leaders in Lac-Mégantic to direct to the area of greatest need in their
Manulife Financial has also announced that it will match employee
donations towards the efforts to the Canadian Red Cross.
"Our hearts go out to everyone in that community," said Marianne
Harrison, Senior Executive Vice-President and General Manager, for the
Canadian Division of Manulife. "Our thoughts and hopes are with them as
they deal with this catastrophic event."
The train derailment and massive explosion devastated the town of 6,000
on the morning of Saturday, July 6. Fifteen people are confirmed dead,
nearly 40 are still missing and hundreds of people remain evacuated
from their homes.
Volunteers from the non-profit Canadian Red Cross continue to respond on
multiple fronts, providing critical services including shelter support
and registration for evacuees.
"We wanted to provide financial support to help the Canadian Red Cross
deal with the immediate situation in Lac-Mégantic, and we also wanted
to offer support for what the community will need going forward,"
added Ms. Harrison. "Whether they choose to use it for a community fund
or extended counseling services or something else, we'll wait to hear
from community leaders there as to how they feel the remaining $25,000
will best support the community's recovery and rebuilding efforts."
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial
decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$555 billion (US$547
billion) as at March 31, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
United States. Manulife Financial Corporation trades as 'MFC' on the
TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can
be found on the Internet at manulife.com.
SOURCE: Manulife Financial Corporation
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