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  "documentTitle": "Manulife Financial Corporation (MFC)",
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  "authorName": "Carson C. Block",
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      "text": "This cascading sequence of events ultimately has the potential to cause the insurer to become insolvent . . .",
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      "text": "This reduction in financial strength would eventually cause rating agencies to lower credit ratings of these life insurers, which in turn would trigger a reduction in confidence of investors, customers and agents of the life insurer. This could ultimately result in reductions in sales, increases in customers terminating their contracts, increase pressure on the liquidity of the company and reduce ability to raise capital; This cascading sequence of events ultimately has the potential to cause the insurer to become insolvent . . .",
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      "text": "Muddy Waters is short Manulife Financial Corporation (NYSE: MFC) because we believe its securities do not price in the significant risk posed by the Mosten Trial. Trials are always hard to handicap; however, we believe there is a reasonable chance that Mosten prevails.",
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      "text": "“This reduction in financial strength would eventually cause rating agencies to lower credit ratings of these life insurers, which in turn would trigger a reduction in confidence of investors, customers and agents of the life insurer. This could ultimately result in reductions in sales, increases in customers terminating their contracts, increase pressure on the liquidity of the company and reduce ability to raise capital; This cascading sequence of events ultimately has the potential to cause the insurer to become insolvent . . .” — Expert Report of Leslie P. Rehbeli",
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      "text": "66 Manulife openly states that the system that Manulife has in place “was not designed to automatically perform the corrective actions” and that “Manulife staff must manually implement corrective actions.”",
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      "text": "67 See Section 4.5 of Expert Report of Leslie P. Rehbeli, FCIA, FSA, MAAA, on Actuarial Matters Concerning Universal Life Side Accounts, dated June 29, 2017, that is filed as Exhibit B to the Affidavit of Leslie P. Rehbeli, sworn on June 29, 2017 filed in Mosten Investment LP v. The Manufacturers Life Insurance Company O/A Manulife Financial, Q.B. 1597 of 2016 (Judicial Centre of Saskatoon).",
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