Manulife has introduced that Mike Durland and Don Kanak have each been appointed to its board of administrators.
As well as, Anna Manning and John Wong have been nominated for election as administrators of Manulife.
Durland is a former senior government at The Financial institution of Nova Scotia, holding various senior roles of their capital markets division, together with group head and CEO, international banking and markets. At the moment, he’s CEO of Melancthon Capital Company
Kanak, most lately, held a number of senior roles with Prudential Holdings (a part of Prudential). He in the end served as chairman, insurance coverage development markets and chairman, Prudence Basis and, previous to that, chairman, Eastspring Investments and chairman of Prudential Company Asia.
“Mike, Don, Anna and John deliver expertise and expertise important to supporting the Board of Administrators’ efficient oversight of Manulife given its development ambitions and strategic priorities,” stated Don Lindsay, Chair of the Board, Manulife.
“They’re achieved executives who deliver a wealth of expertise, together with within the monetary companies and insurance coverage industries, in addition to intensive international and Asia market information. We’re lucky to have them be a part of the Board.”
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By GlobalData
In February 2024, World Atlantic Monetary Group closed its $10bn reinsurance take care of Manulife.
Beforehand introduced in December, the transaction reinsures a seasoned and diversified block of Manulife’s life annuity and long-term care insurance coverage enterprise that started within the US and Japan.
As well as, that is the third block transaction World Atlantic has executed with Manulife and can also be World Atlantic’s first block reinsurance transaction in Japan.
Moreover, World Atlantic additionally closed on the retrocession of 100% of the long-term care insurance coverage dangers to a extremely rated third-party international reinsurance companion.
