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Manulife to sell MVI Life to Japan’s Asahi Mutual Life
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Manulife to sell MVI Life to Japan’s Asahi Mutual Life
On November 30, Manulife Financial Corporation, through its subsidiary The Manufacturers Life Insurance Company, announced an agreement to sell MVI Life to Asahi Mutual Life Insurance Company. MVI Life, formerly Aviva Vietnam, was acquired by Manulife in 2021 and has since operated independently, fully distinct from Manulife Vietnam’s core life insurance business. MVI Life generated insurance premiums of approximately $93 million in 2024 and had…
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