Manulife #

• 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.

John Hancock Financial #

• In 2004, John Hancock was acquired by the Canadian life insurance company Manulife Financial.
• Products: Life insurance, mutual funds, Long term care insurance, Retirement plan services, College savings plans

Sun Life Financial #

Products: - Dental insurance - Disability insurance - Financial planning and advice - Financial services - Health insurance - Institutional asset management - Investments - Life insurance - Pension plans - Retirement savings

Sun Life Financial Inc. is a Canadian financial services company; it is primarily known as a life insurance company.

• Canada
  • Sun Life’s Canadian headquarters are based out of the Regional Municipality of Waterloo, Ontario.
• United States
  • Sun Life’s U.S. Headquarters are based out of Wellesley, a town in Norfolk County, Massachusetts and considered a part of Greater Boston.
  • Sun Life’s portfolio of insurance products and services in the U.S. includes disability, absence management, life, dental, vision, voluntary and medical stop-loss.
• Sun Life in Asia
  • Sun Life operates in eight Asian markets - Indonesia, Singapore, Vietnam, China, Hong Kong, India, the Philippines and Malaysia.
  • China
    • In 1995, Sun Life joined with the China Everbright Group to form Sun Life Everbright.
    • In 2002, Sun Life Everbright was granted approval to sell life insurance in Tianjin, China, becoming the first foreign life insurance joint venture to operate in that city and its neighbouring counties.
    • In 2011, Sun Life Everbright received regulatory approval in China to establish Sun Life Everbright Insurance Asset Management Company, only the 12th such license issued in China.
  • India
    • Birla Sun Life Asset Management, now known as the Aditya Birla Sun Life Mutual Fund (ABSLAMC), is an investment managing company registered under the Securities and Exchange Board of India.
    • It is a joint venture between Sun Life and the Aditya Birla Group of India.
  • Philippines
    • Sun Life entered the Philippines in 1895, and established its Cebu operations in the 1960s.
    • In 1895, Sun Life began its operations in the Philippines through the representation of the H.J. Andrews and Co., a British trading firm.