manulife holdings buys MAAKL Mutual
Manulife Holdings Berhad, the Malaysian arm of Canada's Manulife Financial, has agreed to acquire MAAKL Mutual, a Malaysian unit trust company, from the MAA Group Berhad and other shareholders.
Manulife Holdings Berhad, the Malaysian arm of Canada's Manulife Financial, has agreed to acquire MAAKL Mutual, a Malaysian unit trust company, from the MAA Group Berhad and other shareholders.
Annette King, currently the president and chief executive officer of Manulife Singapore, has been named to take on a newly-created regional role, which will be based in Manulife's regional offices in Hong Kong, International Adviser has learned.
Manulife, the Toronto-based global insurer with a major presence in Asia, has unveiled what it calls a "high end medical protection" range to provide basic hospitalisation benefits to a maximum annual coverage of as much as HK$22m (£1.8m, $2.8m).
Manulife Financial has promoted its general manager for South East Asia to the newly created position of chief marketing officer, Asia.
Manulife Asset Management, a subsidiary of Canadian financial services company Manulife, has been handed a substantial fine by the Hong Kong regulator over “inadequate controls” in relation to its distribution of the Manulife Global Fund.
Manulife Financial Corp, the giant Toronto-based insurer which has a large presence in Asia, beat analysts’ expectations in the fourth quarter of 2012, helped by “record annual sales” in its insurance and wealth businesses.
Prudential Corporation Asia has established a “long term strategic distribution partnership” with ACLEDA Bank Plc to market life insurance products in Cambodia, and has signed up its first clients there.
Canada-based life insurance company Manulife has launched an e-platform through its Hong Kong division offering advisers a range of financial planning tools as well as the ability to submit online applications for products.
Manulife, the Canadian headquarter life insurance company, has launched MyChoice, a new retirement savings plan offering critical illness benefits.
Manulife International, a subsidiary of Canada-headquartered Manulife Financial, has promoted three of its Hong Kong-based executives.
Manulife saw insurance sales jump 13% in Asia last year, fuelled by an expansion in its distribution and greater brand awareness.
The number of full-time agents selling Manulife insurance products in the Hong Kong market touched 5,000 at the end of 2011, a 9% increase over the preceding 12 months, Manulife Hong Kong said yesterday.