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Manulife Financial Corporation (French: Financière Manuvie) 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. [4]
Standard Life first established a presence in Canada through John George Irvine, who took an agency in Quebec in 1834. [2] Spencer Campbell Thomson, son of the manager of the Standard Life Assurance Company, visited Canada in 1882 and approved a new Canadian head office in St James Street.
By the end of the decade, Maritime Life had expanded across Canada, with offices in most major centres. By 1982, the company had approximately $1 billion in assets and in 1986, it ranked 17th out of 150 insurance companies in Canada. By 1993, it had $3.2 billion in assets, with that figure growing to $4.3 billion within two years.
The current company is the result of the 2020 amalgamation of The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company, along with their holding companies (London Insurance Group Inc. and Canada Life Financial Corporation). [2] The company is a wholly owned subsidiary of Great-West Lifeco. [1]
The North American Life Assurance Company, commonly known as North American Life, was an insurance company headquartered in Newtonbrook, Toronto, Ontario.. In 1995, it was one of the largest mutual insurance companies in North America with US$4.48 billion in assets before merging with The Manufacturers Life Insurance Company to form Manulife Financial the following year.
John Hancock Life Insurance Company, U.S.A. is a Boston-based insurance company. Established April 21, 1862, it was named in honor of John Hancock , a prominent American Patriot . In 2004, Canadian multinational life insurance company Manulife Financial acquired John Hancock and operates it as an independent subsidiary.