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Manulife becomes first insurer to redomicile in Hong Kong

Move from Bermuda ‘reflects our deep-rooted belief in Hong Kong’s future and its importance to our business,’ Hong Kong and Macau CEO says

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Patrick Graham, CEO of Manulife (International) Hong Kong and Macau, photographed in Ngau Tau Kok on June 3, 2024. Photo: Xiaomei Chen
Enoch Yiu
Manulife (International), one of the biggest life insurers and pension providers in Hong Kong and Macau, has finished moving its domicile to Hong Kong from Bermuda, making it the first insurer to successfully complete the process under a new regime, according to a statement on Friday.

The insurer said the redomiciling was a “strategic milestone” that underscored its confidence in Hong Kong’s role as a leading international financial centre and reinforced the company’s long-standing commitment to the city’s insurance market.

“This move reflects our deep-rooted belief in Hong Kong’s future and its importance to our business,” said Patrick Graham, CEO of Manulife Hong Kong and Macau. “Re-domiciling locally strengthens our alignment with Hong Kong’s robust regulatory framework and enables us to better serve our 2.6 million customers in both Hong Kong and Macau, advancing our ambition to be the No 1 choice for customers.”

Manulife is the first insurer to redomicile in Hong Kong after a law change in May that made the process simpler and easier. The legislation allows companies that are incorporated overseas to establish themselves in the city while maintaining their legal identity and business continuity.
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