John Hancock Names Industry Veteran Hector Martinez Head of Insurance

Rhea-AI Summary

John Hancock, a subsidiary of Manulife (NYSE: MFC), has appointed Hector Martinez as the new Head of Insurance. Martinez previously led Equitable's individual life insurance business and held leadership roles at Crump Life Insurance Services. Brooks Tingle, John Hancock's president and CEO, highlighted Martinez's industry experience, innovative track record, and digital ambitions. Martinez will focus on strengthening distribution relationships, product development, and underwriting expertise, while also championing John Hancock's behavioral insurance leadership. He will join the U.S. and Global Leadership Teams at John Hancock and Manulife, respectively.

Positive

• Appointment of Hector Martinez, an industry veteran, as Head of Insurance.
• Martinez has a proven track record in new business development, underwriting, and product distribution.
• Focus on strengthening existing and new distribution relationships.
• Commitment to innovation and digital transformation in the insurance business.
• Enhancement of John Hancock's leadership in behavioral insurance.

Negative

• None.

Martinez to Build on Insurer's Commitment to Helping Customers Live Longer, Healthier, Better Lives

BOSTON, July 8, 2024 /PRNewswire/ - John Hancock, along with its Toronto-based parent company Manulife (NYSE: MFC), announced Hector Martinez joins the company today as its new Head of Insurance.

Martinez joins John Hancock from Equitable where he led all aspects of the company's individual life insurance business, including new business development, underwriting, and life insurance product development and distribution. Before Equitable, Martinez served for over a decade in leadership positions at Crump Life Insurance Services.

"When it came to finding a new leader for our insurance business, it was essential that the person have the right combination of industry experience and acumen alongside a proven track record of innovation," said Brooks Tingle, president and CEO, John Hancock. "As we grow our business, deliver on our digital ambitions, and help our customers live longer, healthier, better lives, we know Hector will champion future-forward thinking that will help us further reshape and digitize our business and our industry."

A graduate of Lehigh University, Martinez brings decades of insurance industry experience to John Hancock. In his new role, he will support and build upon John Hancock's long-standing distribution relationships, top-flight products and underwriting expertise, and the company's leadership in behavioral insurance.

"Hector also shares not just our commitment to excellence but also our steadfast commitment to our distribution model. We're excited to see the momentum he will bring to help strengthen our existing distribution relationships while also fostering new ones," continued Tingle.

Martinez will report to Tingle and serve on John Hancock's U.S. Leadership Team, as well as Manulife's Global Leadership Team.

To learn more visit John Hancock's website.

About John Hancock and Manulife

John Hancock is a unit of Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities. John Hancock also supports US investors by bringing leading investment capabilities and retirement planning and administration expertise to individuals and institutions. Additional information about John Hancock may be found at johnhancock.com.

Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.

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SOURCE John Hancock

FAQ

Who is the new Head of Insurance at John Hancock?

Hector Martinez has been appointed as the new Head of Insurance at John Hancock.

When did Hector Martinez join John Hancock as Head of Insurance?

Hector Martinez joined John Hancock as Head of Insurance on July 8, 2024.

What was Hector Martinez's role before joining John Hancock?

Before joining John Hancock, Hector Martinez led Equitable's individual life insurance business.

What is the stock symbol for John Hancock's parent company?

The stock symbol for John Hancock's parent company, Manulife, is MFC.

What are Hector Martinez's responsibilities at John Hancock?

Hector Martinez will focus on distribution relationships, product development, and underwriting expertise, and will support digital transformation and behavioral insurance leadership at John Hancock.