John Hancock Investment Management history

The prime rate shot up, and in 1980 many life insurance companies found themselves faced with a negative cash flow, for the first time in memory.

By 1985 Hancock was in money management, stock brokerage, venture-capital management, equipment leasing, and real estate syndication.

By 1986 Hancock had slipped to number eight among life insurance companies, with assets of $27.3 billion.

Normally rivals, these firms coauthored a draft bill for reform that was unveiled in October 1987.

In 1992, Hancock passed on its $40 million disability insurance business to Provident Life and Accident Insurance Co. through a reinsurance agreement.

The company expanded overseas in the mid-1990s, primarily in the Pacific Rim. It acquired interests in insurers in Thailand and Singapore and set up a life insurance joint venture in the Philippines in 1997.

In 1998, that unit's former head, David D'Alessandro, was named president of John Hancock.

By 1999 the number of aggrieved policyholders had risen to almost four million, and the settlement cost, to $471 million.

Internet sales were booming, with 60 percent of its term life policies being sold online in 2000.

Doctor Gail C. A. Cook-Bennett is our first female Director, and in 2008, our first female Chair of the Board.

The recognition comes as Manulife continuously promotes walking to improve health using its original free smartphone application ‘Manulife WALK’, introduced in 2016.

Manulife Vietnam received top honours in Anphabe’s annual Top 100 Vietnam Best Places to Work 2020 survey, retaining its number one ranking for the third year in the insurance category, additionally ranking 16th across industries.