Manulife Malaysia was first established in 1963 as a branch of Bahamas-based British American Insurance Co. It became a public limited company in 1981 and changed its name to British American (Malaysia) Insurance Berhad. In 1994, the company was renamed John Hancock Life Insurance (Berhad) to reflect our association with John Hancock Mutual Life Insurance Company in USA. Later, the Company changed its name to Manulife Insurance (Malaysia) Berhad following the large-scale global merger between Canadian-based Manulife Financial Corporation and US based John Hancock Financial Services, Inc in 2004. Manulife Malaysia underwent a restructuring exercise in 2008 and effective 1st October 2008, Manulife Insurance (Malaysia) Berhad became Manulife Holdings Berhad.
Manulife Malaysia is a progressive company, not just in the products and services we offered but also in the way we do business. We aspire to be the trusted and most preferred financial services provider in Malaysia by making our customers’ decisions easier and their lives better. Subsidiary companies under Manulife Holdings Berhad are Manulife Insurance Berhad, Manulife Investment Management (M) Berhad and Manulife Insurance Labuan Limited.
Manulife Holdings Berhad is listed on the Bursa Malaysia. Its assets under management as at 31 December 2019 is over RM11 billion.
Manulife Holdings Berhad is a member of Canada-based Manulife Financial Corporation, a leading Canadian-based financial services group.
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of December 31, 2019, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $29.7 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Decisions made easier. Lives made better.
British American was founded in Nassau, Bahamas.
British American Insurance Co. Ltd started a branch in Hotel Merlin, Kuala Lumpur and later established their first office in Bangunan Lee Yan Lian, Jalan Tun Perak, Kuala Lumpur with a staff of six.
The company was localized and British-American Insurance (Malaysia) Sdn. Bhd. was incorporated to ensure local participation in foreign owned company.
The Company became public and changed its name to British American (M) Insurance Bhd with a paid –up capital of M$10 million. Bangunan British American located at Damanasara Heights, Kuala Lumpur was completed.
British American was listed on KLSE.
Acquired a general insurance company “Traders & Merchants Insurance Sdn Bhd”.
The Company became officially known as British American Life and General Insurance Berhad.
John Hancock Mutual Life Insurance Company of Boston, U.S.A. bought over 30% of British American shares. This marked the beginning of British American’s association with John Hancock.
Name was changed to British American Life Insurance Berhad as the Company ceased writing general insurance in 1991.
Name changed to John Hancock Life Insurance (Malaysia) Berhad.
Canada-based Manulife Financial Corporation merged with US-based John Hancock Financial Services creating a leading global insurance franchise that resulted in Manulife’s entry into Malaysia.
Name changed to Manulife Insurance (Malaysia) Berhad.
Manulife Insurance (Malaysia) Berhad underwent a restructuring exercise and effective 1st October 2008, Manulife Insurance (Malaysia) Berhad became Manulife Holdings Berhad. Subsidiaries companies under Manulife Holdings Berhad are Manulife Insurance Berhad, Manulife Unit Trusts Berhad and Manulife Asset Management (Malaysia) Sdn Bhd.
Manulife Holdings Berhad’s subsidiary companies, Manulife Unit Trusts Berhad (MUTB) and Manulife Asset Management (Malaysia) Sdn Bhd (MAMM) were merged to strengthen its presence in the wealth management industry. The merger resulted in MUTB changing its name to Manulife Asset Management Services Berhad (MAMSB) with effect on 2 July 2012.