Manulife Monetary has named Brooks Tingle to guide its John Hancock Monetary Companies unit, which accounts for $162 billion of the corporate’s $849 billion in property.
Tingle, who could also be finest identified for constructing a wellness incentive program for all times insurance coverage policyholders, is on monitor to succeed Marianne Harrison as John Hancock’s president and CEO April 1.
Harrison is retiring after 20 years with John Hancock and 5 years because the unit’s CEO.
What It Means
Life insurers like John Hancock may play an more and more essential function in encouraging your shoppers to remain wholesome.
Manulife, John Hancock’s guardian firm since 2004, is predicated in Toronto and has massive operations in Asia in addition to in Canada and the US.
The corporate as an entire reported $5.3 billion in internet earnings for 2022, on $13 billion in income. About $1.1 billion of the corporate’s earnings got here from insurance coverage, and $188 million got here from annuities.
Harrison, John Hancock’s present CEO, started her profession as an accountant at PwC.
She later was a wealth administration government at TD Financial institution, then moved to Manulife as its company controller in 2003.