Sun Life Financial Inc. has announced a $560 million deal for the Hong Kong-based insurance and pension operations of the Commonwealth Bank of Australia.As a result of the acquisition of CMG Asia and CommServe Financial, Sun Life Financial Hong Kong will become the seventh-largest life insurance company in Hong Kong measured by premiums from new […]
Operating performance expected to remain very strong
Firm's holistic approach suits Sun Life's goals
Sun Life Financial Inc. sees its biggest growth opportunities in the U.S. annuity business and in Asia, while its Canadian operations “should experience high-single-digit growth,” the company said Monday. Sun Life Financial president James Prieur, said the U.S. annuities business is a weak spot but also provides “the greatest opportunity” as Sun Life expands its […]
Earnings up 25%, but sales off 7.6%
Milestone Funds first to offer guaranteed maturity value
Not based on a person’s inability to work
Insurer plans to increase number of specialists to 200
Executives at quebec City-based Industrial Alliance Insurance and Financial Services Inc. have added another building block to the geographically diversified wealth-management business it has been building over the past five years.In a deal announced March 3, the firm’s wholly owned subsidiary, Industrial Alliance Securities Inc., acquired the business of Toronto-based full-service securities broker KingsGate Securities […]
Osborne to succeed Stinson following annual meeting