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Manulife

Manulife
Manulife Financial Corporation is Canada’s largest insurer and a leading international financial services provider. With its global headquarters in Toronto, Canada, it provides financial advice and insurance.
Hong Kong design studio AllRightsReserved is organising the three-week “Chiikawa Days” show in August. Photo: Handout
Hong Kong economy

Japanese manga Chiikawa exhibition to be held in Hong Kong in August

Eight localised characters inspired by yum cha culture to be introduced in city’s latest attempt to cash in on intellectual property economy.

Hong Kong economy

Hong Kong’s easier redomiciling policy ‘attracts 150 inquiries from companies’

Insurance

Manulife’s local unit to redomicile from Bermuda in November

Insurance

AXA among first insurers to move legal domicile to Hong Kong under new rules

Under the new law, a company that wants to redomicile to Hong Kong is no longer required to wind up its existing operations.

An ad for AXA is seen at the top of a building in Hong Kong’s financial centre, February 27, 2018. Photo: IP3/Getty Images
Insurance

Exclusive | Hong Kong’s ‘game changer’ law will spur insurers to redomicile: industry guild

Insurance industry is ready to capitalise on this new law and be the primary use case, HKFI CEO Selina Lau says.

Insurance

Hong Kong’s 2024 life insurance sales soar 21% to record US$28 billion

Mainland Chinese tourists last year spent HK$62.8 billion (US$8 billion) on life and medical policies, up 6.5 per cent from 2023, according to the Insurance Authority.

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United States

Stocks are making wild swings as markets assess damage from Trump’s trade war

Trump’s tariff blitz fulfilled major campaign promise as he acted without Congress to redraw rules of the international trading system.

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A trader works on the floor of the New York Stock Exchange at the opening bell in New York City on Monday. Photo: AFP
Insurance

Manulife picks chief actuary Finch as Asia CEO to lead biggest profit centre

Steve Finch will take over as Asia CEO from May 9, replacing Phil Witherington who is heading back to Toronto to become global CEO.

Banking & finance

Banks, insurers rush for gold in Hong Kong’s ‘silver-hair economy’

Residents older than 65 years made up about 22 per cent of Hong Kong’s population of 7.5 million people in 2023, according to government data.

Hong Kong society

Exclusive | Hong Kong-based head of insurer calls for better policies for people with autism

Damien Green of Manulife Financial Asia earlier criticised his employer’s ‘clinically dumb’ underwriting policies for people with autism.

Damien Green, chairman of Manulife Financial Asia, has slammed the underwriting process for potential customers with autism. Photo: Edmond So
Insurance

Manulife promotes Asia insurance head Phil Witherington to group CEO

Asia was the largest contributor to Manulife’s group earnings, accounting for 44 per cent of the total in the third quarter.

Phill Witherington, President and CEO of Manulife Asia, delivers opening remarks at the 2024 South China Morning Post - China Conference at the Hong Kong Ocean Park Marriott Hotel in Aberdeen on 4 July 2024. Photo: May Tse
Insurance

Exclusive | Manulife on track to reach 50% Asia earnings target by 2027

Asia was the largest profit contributor to Canadian insurer in the third quarter, with 44 per cent of the group’s earnings coming from the region.

Banking & finance

Stronger Hong Kong-Asean ties to open doors in banking, insurance markets

Hong Kong has set up advisory groups to foster stronger ties with Southeast Asia and the Middle East, helping open doors to markets.

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Consumer protection in Hong Kong

Hong Kong tests find half of home air purifiers ‘slow’ at removing toxic gas

Consumer Council tests of 10 air purifiers find half slow in formaldehyde removal and some exaggerated particulate filtration effectiveness.

Consumer watchdog tests have found air purifier performance is not necessarily linked to price. Photo: Shutterstock
Banking & finance

Exclusive | Manulife to use new Macau office to tap Greater Bay Area opportunities: CEO

The Canadian insurer will in October move into a new office in Yoho Treasure Island, a mixed-use complex capable of accommodating 1,000 sales and general staff.

Patrick Graham, the CEO for Hong Kong and Macau at Manulife, says the demand for life insurance is attractive in Macau. Photo: Xiaomei Chen
Insurance

Hong Kong life insurance sales surge amid soaring demand from mainland visitors

Life insurance sales in Hong Kong surged by 39 per cent in the first quarter thanks to a world record policy sold by HSBC Life and strong growth in the number of mainland Chinese visitors buying policies in the city, according to data from the industry regulator.

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Insurance

Hong Kong insurers’ sales to yield-hungry mainland China visitors rocket

Sales of policies to mainland visitors hit HK$46.8 billion (US$6 billion) in the nine months to September, compared with HK$1 billion a year ago, according to data from the Insurance Authority.

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Insurance

Exclusive | Manulife doubling down on rich mainland customers with new Hong Kong centre: CEO

Manulife will open its second prestige customer centre in Hong Kong and invest more on digital tools to support growing business from returning mainland Chinese customers, its newly appointed Asia CEO says.

Witherington relocated from Canada to Hong Kong last month to take up the role of Asia CEO. Photo: Xiaomei Chen
Banking & finance

Manulife says MPF members switched funds more frequently in pandemic-led market

Hong Kong’s Mandatory Provident Fund saw a pickup in the frequency of members changing their investment fund choices in the three pandemic-stricken years, 2020-2022, according to Manulife, the largest pension scheme provider in the city.

Banking & finance

Manulife moves CFO to Hong Kong, joining peers using city as Asia expansion base

Canada’s biggest insurance company has appointed CFO Phil Witherington as president and CEO of Manulife Asia, effective July 1, as it looks to tap Greater Bay Area, regional opportunities.

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Insurance

Hong Kong insurers’ sales to Chinese visitors jumped 28-fold in first quarter

Life insurance sales to mainland Chinese visitors rose by 28 times in the first quarter, as the reopening of the border unleashed a wave of pent-up demand, data from the Insurance Authority showed.

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The return of mainland Chinese visitors to Hong Kong has boosted life insurance sales in the city. Photo: Yik Yeung-man
Banking & finance

Exclusive | Manulife unit seeks Hong Kong domicile with eye on Greater Bay Area, CEO says

Canadian insurer Manulife (International) wants to redomicile its Hong Kong unit in the city from Bermuda as it has big plans for expansion in the Greater Bay Area, Hong Kong and Macau CEO Patrick Graham says.

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A view of Shenzhen in the Greater Bay Area. Photo: Martin Chan
China Conference Hong Kong

Manulife’s GBA survey shows the need to close the ‘protection gap’

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SCMP Events
Insurance

HSBC Life, Manulife turned Macau into springboard for growth during lockdowns

Go where the customers are. Insurers relied on the mantra over the past two years to reach big-spending mainland clients in Macau as travel curbs starved Hong Kong of its economic lifeblood.

Insurance

HSBC, AllianzGI, Manulife, Prudential eye China’s pension scheme

HSBC, Allianz Global Investors, Manulife Investment Management, and Prudential are among some of the biggest global insurers keen to capture China’s potential US$1.5 trillion private pension market.

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China’s reform of its pension scheme is vital given its rapidly ageing population and declining birth rate, which are putting pressure on the existing system. Photo: AFP
Banking & finance

Manulife takes control of China unit as foreign ownership barriers fall

Beijing has given Manulife Investment Management the all-clear to take complete control of its mainland Chinese joint venture, in a move analysts said reflects the country’s increased willingness to open up its financial markets to foreign players.

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The deal, upon completion, will convert the joint venture company that was established in 2010 into a wholly-owned unit of Manulife Investment Management. Photo: Shutterstock
A trusted name for 125 years

How Hong Kong’s longest-running life insurer will help drive city’s recovery as it marks 125th anniversary

Damien Green, CEO of Manulife Asia, says the company will continue to support city’s community and economic recovery through business growth

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Manulife Hong Kong
A trusted name for 125 years

How 3 insurance professionals have helped Hong Kong tackle challenges such as Covid-19 pandemic

Manulife Hong Kong’s actuary Danny Lee, wealth management manager Winvy Lung and advanced analytics specialist Alex Fung devised new customer offerings and services

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Manulife Hong Kong
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