John Hancock Life Insurance
Original Headquarters: Boston, Mass
Purchased By: Manulife Financial
Country: Canada
The John Hancock Financial Opportunities Fund offers a wide range of products under the rand banner, but one of the most popular is its life insurance. The Boston-based corporation has been in business since 1862, but was purchased by Manulife Financial in 2004. The Canadian company could have simply dropped the John Hancock name, but instead chose to retain the well-known brand and continue operations under the original identity. Manulife is headquartered in Toronto and employs more than 34,000 people, including 63,000 agents.
John Hancock Life Insurance
Sotheby’s
Original Headquarters: New York, NY
Purchased By: Taikang Life Insurance Co Ltd
Country: China
What are the similarities between a premium fine and decorative art broker and a life insurance company? The solution is more complicated than you may expect. Sotheby’s was founded in London in 1744, before expanding to New York City and around the world. In 2016, Taikang Life, a Chinese life insurance corporation, was named Sotheby’s newest majority stakeholder. Taikang kept that role until 2019, when the company was acquired by French-Israeli business magnate Patrick Drahi. It’s unclear what happened to Taikang’s 13.5% investment or whether they’re still partnered with Drahi.
Sotheby’s
