February 15, 2000 |
The John Hancock insurance company, whose president had emerged as the most vociferous corporate critic of the International Olympic Committee, announced today it is re-upping as one of the IOC's key big-money sponsors. Hancock President and CEO David F. D'Alessandro and IOC officials said the firm is opting in again to the Olympics' worldwide sponsorship program, known as TOP--The Olympic Partnership program.
June 3, 1999 |
The head of the Olympics' biggest revenue source accused a major sponsor of damaging fund-raising for American athletes through "cynical . . . self-serving" attacks on the International Olympic Committee. NBC Sports President Dick Ebersol called John Hancock Mutual Life Insurance Co. President David D'Alessandro a "bully" who has used the Olympics scandal to generate favorable publicity for his own gain.
May 11, 1999 |
What's your tolerance for a stock market decline? Many Americans say they would reduce their buying of stocks for their retirement accounts if the U.S. market fell 20% or more, according to a recent survey by Boston-based John Hancock Mutual Life Insurance Co. About half the 801 people surveyed said they would either transfer money out of stocks or put less of future contributions in stocks if the market fell 20%, the level of the decline that most analysts consider a bear market.
February 4, 1997 |
WellPoint Health Networks Inc. said SelectCare Inc. of Troy, Mich., obtained a preliminary federal court injunction last week in Detroit temporarily blocking WellPoint's $86.7-million acquisition of John Hancock Mutual Insurance Co.'s group health businesses. WellPoint said SelectCare claims the sale would violate a confidential agreement between it and John Hancock.
October 5, 1996 |
John Hancock Mutual Life Insurance Co. said Friday that it has agreed to sell its Sutro & Co. and Tucker Anthony Inc. stock-brokerage units to a group led by the firms' managers for $180 million. Sutro, headquartered in San Francisco, and Boston-based Tucker Anthony are respected but small, regional competitors in the securities industry, and Hancock said it's shedding the firms to focus on its core insurance lines.
October 4, 1996 |
Moving a step closer to its goal of becoming a national force in health care, WellPoint Health Networks Inc. is near an agreement to buy the health insurance unit of John Hancock Mutual Life Insurance Co., sources familiar with the talks said Thursday. Sources said the deal could be announced in a few days, but that no final agreement had yet been reached. The purchase price could not be determined.