Manulife

FormerlyThe Manufacturers Life Insurance Company
TypePublic
Traded asTSX: MFC\\ NYSE: MFC\\ SEHK: 945\\ PSE: MFC
IndustryFinancial services (insurance)
FoundedJune 23, 1887; (1887-06-23)
Headquarters200 Bloor Street East\\ Toronto, Ontario\\ M4W 1E5
ProductsAsset management, Commercial banking, Commercial mortgages, Consumer banking, Group benefits, Insurance, Investments, Mutual funds, Private banking, Real estate, Reinsurance, Securities, Underwriting, Wealth management
Subsidiaries– John Hancock Financial – Manulife Investment Management – Manulife Bank of Canada
Websitewww.manulife.com
  • Manulife Financial Corporation (also known as Financière Manuvie in Quebec) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario.
  • The company operates in Canada and Asia as “Manulife” and in the United States primarily through its John Hancock Financial division.
  • Manulife Bank of Canada is a wholly owned subsidiary of Manulife.
  • In 1996, the company entered an agreement with Sinochem to form Shanghai-based Zhong Hong Life Insurance Co. Ltd., China's first joint venture life insurance company, and was granted a license that made it the second foreign insurer to be allowed re-entry into China.
  • In 2002, Manulife–Sinochem Life Insurance Co. Ltd. was granted approval by the China Insurance Regulatory Commission (CIRC) to open a branch office in Guangzhou, China, the first branch license granted to a foreign invested joint–venture life insurance company.
  • In 2003, Manulife-Sinochem received approval for a branch office in Beijing, the first multiple-branch license granted to a foreign-invested joint venture life insurance company.
    • The firm is now licensed to operate in more than 50 Chinese cities. On September 29, 2003, Manulife announced its intent to acquire the Boston-based insurance company John Hancock Financial (including a Canadian subsidiary, Maritime Life) for $10.4 billion in a stock-for-stock merger.
    • The merged entity would initially be led by John Hancock's CEO David F. D'Alessandro, but he would step down in June 2004.
  • In 2010, the company announced that it had purchased Fortis Bank SA/NV's 49% ownership in ABN AMRO TEDA Fund Management Co. Ltd.
    • The new joint venture, Manulife TEDA Fund Management Company Ltd. (Manulife TEDA), provides traditional retail and institutional asset management for clients in China.
    • The other 51 percent is owned by Northern International Trust, part of Tianjin TEDA Investment Holding Co. , Ltd. (TEDA).
  • In June 2015, Manulife-Sinochem became the first foreign invested joint-venture life insurance company in China authorized to sell mutual funds.

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