Manulife Financial has named Brooks Tingle to lead its John Hancock Financial Services unit, which accounts for $162 billion of the company's $849 billion in assets.
Tingle, who may be best known for building a wellness incentive program for life insurance policyholders, is on track to succeed Marianne Harrison as John Hancock's president and CEO April 1.
Harrison is retiring after 20 years with John Hancock and five years as the unit's CEO.
What It Means
Life insurers like John Hancock could play an increasingly important role in encouraging your clients to stay healthy.
John Hancock
Manulife, John Hancock's parent company since 2004, is based in Toronto and has large operations in Asia as well as in Canada and the United States.
The company as a whole reported $5.3 billion in net income for 2022, on $13 billion in revenue. About $1.1 billion of the company's earnings came from insurance, and $188 million came from annuities.
Marianne Harrison
Harrison, John Hancock's current CEO, began her career as an accountant at PwC.
She later was a wealth management executive at TD Bank, then moved to Manulife as its corporate controller in 2003.
