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 offer 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 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 2020 is over RM12 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 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of December 31, 2020, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, and in the previous 12 months we made $31.6 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 155 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.
The Manufacturers Life Insurance Company (Manulife Financial) was incorporated by an Act of Parliament. Sir John A. Macdonald, Canada’s first Prime Minister, was elected President of the Company.
Manulife Financial started expanding Company’s operations into Asia in 1897, including China and Hong Kong.
In Malaysia, British American insurance had entered Malaysia, in Hotel Merlin Kuala Lumpur.
The company changed its name to British American (M) Insurance Bhd with a paid-up capital of RM10 million. Bangunan British American located at Damanasara Heights, Kuala Lumpur was completed.
British American was listed on the KLSE.
Acquired a general insurance company “Traders & Merchants Insurance Sdn Bhd”.
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 was 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.
Restructured to become Manulife Holdings Berhad with 3 subsidiary companies:
Manulife Unit Trusts and Manulife Asset Management were named Manulife Asset Management Services Berhad. Manulife Asset Management Services Berhad launched the Private Retirement Scheme. Manulife celebrates its 125th anniversary globally.
The corporation celebrates its 50th year of operations in Malaysia.
Manulife Holdings Berhad acquires local unit-trust company, MAAKL Mutual and operations were successfully merged with Manulife Asset Management Services Berhad.
Manulife Insurance Labuan Limited (MILL), a wholly owned subsidiary of Manulife Holdings Berhad (MHB) incorporated and licensed in Labuan, Malaysia, was established in September 2017. MILL is the first company in Malaysia to offer a US dollar denominated (USD) universal life insurance product to high net worth individuals (HNWI’s) and business owners.
Brand transformation exercise from global rebrand launch.
Manulife Asset Management Services Berhad was rebranded to Manulife Investment Management (M) Berhad.