The Manulife Financial LPGA Classic will be held in Waterloo Region for at least two more years after the insurance giant announced its continued sponsorship of the tournament on Monday.

"We are thrilled to bring this world-class event to Waterloo Region," said Manulife Canada President and CEO Marianne Harrison in a Monday news release announcing the tournament would remain in Waterloo until 2016.

"The community's support of the tournament has been outstanding, bringing in over 60,000 spectators each year and the support of over 1,000 dedicated volunteers. Fans have also been treated to exciting golf with two sudden death playoffs."

Manulife Financial has sponsored the golf tournament since 2012. Its contract was due to end after this year’s tournament, putting its future in Waterloo Region in doubt. 

Manulife also announced on Monday that the tournament will continue to support St. Mary’s General Hospital Foundation. Manulife will match donations up to $60,000 through the Manulife Classic Match program. 

The tournament is scheduled to run from June 4th to 8th at the Grey Silo Golf Course in Waterloo.