John Hancock Life Insurance
John Hancock Financial Opportunities is a brand that is used to market a variety of products. However, as everyone is aware, life insurance policies are the company’s bread and butter. Since its inception in Boston, Massachusetts, the company has operated continually. Manulife Financial, a Canadian company, acquired it in 2004. Rather of simply acquiring John Hancock, this new parent company chose to incorporate the John Hancock name into its own. Manulife Financial is a Canadian firm headquartered in Toronto with approximately 34,000 employees and 63,000 agents.
Sotheby’s
A New York City art broker expressed interest in a Chinese life insurance organization. Sotheby’s has operated in London since 1744. However, it did open a location in New York City prior to going abroad. The auction company Sotheby’s has a new majority shareholder: China’s Taikang Life Insurance Co. Ltd. It remained that way until 2019, when Sotheby’s was acquired by Patrick Drahi, a French-Israeli businessman. However, we have no idea what will happen to the 13.5 percent stake held by a Chinese insurance organization in the corporation.