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Manulife Philippines (also known as The Manufacturers Life Insurance Co. (Phils.), Inc.) is a life insurance company in the Philippines and part of Manulife Financial Corporation, a Canadian life insurance company. In 2002, Manulife acquired the Philippines business of Metropolitan Life Insurance Company, an insurer based in the United States. [2]
Manulife China Bank Life Assurance Corporation (MCBLife) is a joint venture company set up between the China Banking Corporation (China Bank) and Manulife Philippines, a wholly owned subsidiary of the Canadian company Manulife Financial, one of the leading life insurance companies in the world.
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 ]
On September 29, 2003, Manulife Financial of Canada announced its intent to acquire John Hancock for $10.4 billion. The merged entity would be led by D'Alessandro, but he would step down in June 2004. The sale also included a Canadian subsidiary of John Hancock, Maritime Life; it was integrated into Manulife's Canadian operations. [6] [7] [8]
The company then expanded into the Philippines in 2014 and Indonesia in 2015. Expanding into three more countries in 2016, [ 4 ] [ 8 ] that year FWD Group acquired Shenton Insurance in Singapore, [ 9 ] also purchasing a unit from Great Eastern Holdings Ltd. in Vietnam [ 8 ] for $35 million. [ 16 ]
The Philippines is assigned an international dialing code of +63 by ITU-T. Telephone numbers are fixed at eight digits for area code 02 , and seven digits for area codes from 03X to 09X , with area codes fixed at one, two, or three digits (a six-digit system was used until the mid-1990s; four to five digits were used in the countryside).
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Chinabank is the fourth largest private universal bank in the Philippines. It was named by The Asset as the Best Bank in the Philippines in 2021 [1] and by the People Management Association of the Philippines as the 2023 Employer of the Year. [2] Chinabank is also one of the best-governed publicly listed companies.