Although the move is positive for the Canadian insurer, it is not a game-changer
Sun Life Financial Inc. plans a domestic offering up to $300 million of senior Unsecured Debentures, the company said Thursday.The offering of Series D Senior Unsecured 5.70% Debentures due 2019 is expected to close on June 30, and the proceeds will be used for general corporate purposes, including investments in subsidiaries, Sun Life says.Details of […]
McKenney stepping down
Sun Life Financial has extended its agreement with the Canadian Federation of Independent Business (CFIB) to offer group insurance coverage to its members nationally, the company said Wednesday.The plan will be available exclusively to all CFIB members regardless of size, Sun Life Financial says.Sun Life Financial first announced the agreement in November when the plan […]
Deal will boost Sun Life’s UK AUM by 60%
Certain funds closing to new investments
Insurer focused on maintaining a strong capital position and enhancing risk management
Employees who invest in their company’s group retirement and savings plans are paying more attention to their investments than ever before, according to a new report from Sun Life Financial Inc.Although the recent economic downturn had many plan members contacting their plan providers looking for general education and investment advice, members were not moving their […]
Sun Life Financial Inc. has successfully completed a domestic offering of $250 million of preferred shares, the company said Wednesday.The Class A Non-Cumulative 5-Year Rate Reset Preferred Shares Series 6R were offered at a price of $25 per share and yield 6% annually. The offering, initially for $200 million of Series 6R Shares, was increased […]
Plan members leaving their employer can maintain up to $1,000,000 of coverage