After 18 years of partnering, Manulife (International) Limited and Royal Sun & Alliance Insurance plc (RSA) jointly renewed their general insurance distribution agreement for another five years.

Manulife will continue to offer a series of general insurance products underwritten by RSA. The companies say the partnership enables Manulife to distribute RSA’s range of co-branded personal lines insurance products customized with unique features such as terrorism and passive war cover for travel insurance, critical illness cover for domestic helper insurance and medical care for pet insurance. Other coverage includes protection against unexpected losses arising from property damage, burglary, fire and other unexpected eventualities for small- and medium-sized companies.

“Through our partnership with RSA which is a leading global insurer specializing in general insurance, Manulife has been able to enrich our comprehensive product suite and provide our customers with total financial solutions,” said Michael Huddart, Manulife’s EVP and CEO in Hong Kong. “We are very pleased that both institutions have the same vision—to exceed and excel in product innovation and service excellence.”

Chris Colahan, CEO of RSA Hong Kong said that the 18-year partnership allowed the company to develop a deep understanding of the needs of Manulife agents and customers. “We have used this insight to create a customized, co-branded suite of products that we offer exclusively to Manulife,” he said. “We know how important speed and simplicity of service is to Manulife agents, so we work tirelessly to make ourselves easy to do business with.”

 

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