Manulife Financial Corp. says James Benson, president of its John Hancock Life Insurance Company unit, will retire Aug. 31.[@@]
Benson, Boston, came to Manulife when Manulife acquired Hancock.
Manulife also says John DesPrez III, 48, president of John Hancock Financial Services Inc., will assume responsibility for all Manulife U.S. operations.
Robert Cook, now head of U.S. life insurance, will assume responsibility for all U.S. protection operations and will report to DesPrez.
Dominic D’Alessandro, president of Manulife, Toronto, has issued a sttement emphasizing that Hancock turned in strong second-quarter results and that the integration of Hancock into Manulife has been going smoothly.
“Jim leaves his organization well positioned for continued sales and earnings growth,” D’Alessandro says.