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.
May 13, 1998 |
John Hancock Mutual Life Insurance Co. said it plans to convert into a publicly traded company in order to make acquisitions and raise capital. Its 5 million policyholders would get shares, cash or other compensation in the conversion, which could take more than two years to complete. Boston-based Hancock is the ninth-largest U.S. insurer and has 3,100 full-time salespeople.
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 11, 1996 |
WellPoint Health Networks, one of California's largest managed- care companies, will announce today that it has acquired the health insurance business of Boston-based John Hancock Mutual Insurance Co. for $86.7 million. The Hancock unit oversees medical insurance plans covering about 1.4 million people, boosting WellPoint's total membership to more than 5.5 million enrollees.