Businesses transferred to new subsidiary
Insurer plans to grow business in Canada, U.S. and Asia
Move comes in response to new OSFI capital rules
Follows announcement of corporate reorganization
Rising C$ costs insurer $32 million over nine months
The distinctions in the distribution channels are no longer clear as career forces adopt features of the independent channel
Up 19.6% to $438 million; revenue off slightly; S&P affirms ratings
Former Clarica chief Bob Astley is retiring
Sun Life Financial Inc. managed a gain of almost 7% in first-quarter earnings, despite a heavy hit from the settlement involving Massachusetts Financial Services Co., its Boston-based mutual fund unit.The Toronto-based insurer said net income for three months ended March 31 came in at $366 million or 61¢ a share vs $343 million or 56¢ […]
Agrees to pay US$50 million