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January 28, 2013
16:49 EDTSLFSun Life Financial receives licence for life insurance operations
PVI Sun Life Insurance Company Limited, the joint-venture life insurance company formed by PVI Holdings and Sun Life Assurance Company of Canada, a wholly-owned subsidiary of Sun Life Financial, has received regulatory approval from the authorities in both Vietnam and Canada. The Ministry of Finance of Vietnam issued the Licence # 68 GP/KDBH for Life Insurance Operations on January 24, 2013. PVI Sun Life will have a charter capital of VND 1,000B, approximately C$48M. PVI owns 51% of the company, and Sun Life the remaining 49%. PVI Sun Life is focused on delivering the best products and services to its customers to allow them to achieve a brighter financial future. PVI Sun Life completes PVI's insurance business network, and delivers on PVI's long term strategy. The joint venture further demonstrates Sun Life's deep commitment to growing its business in Asia.
News For SLF From The Last 14 Days
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March 5, 2015
08:07 EDTSLFSun Life Financial 'on track' to exceed 2015 earnings objective of $1.85B
Targets annual underlying EPS growth of 8%-10%. Targets underlying ROE in range of 12%-14%. Targets common share dividend ratio of 40%-50% of underlying net income.
March 4, 2015
07:20 EDTSLFBCE, Sun Life Financial announce longevity insurance agreement
Sun Life Financial (SLF) and BCE (BCE) announced a new agreement that further advances BCE's pension de-risking strategy by transferring longevity risk for C$5B of pension plan liability to Sun Life Assurance Company of Canada. Under this agreement, the Bell Canada Pension Plan will pay monthly premiums to Sun Life and in exchange Sun Life will make monthly pension payments into the plan for the lifetime of existing pensioners. BCE maintains full responsibility for the Bell pension plan and related payments to pensioners. Sun Life will reinsure a portion of the longevity risk to RGA (RGA) Canada and SCOR Global Life.
March 3, 2015
11:12 EDTSLFSun Life Financial to host investor day
Investor Day to be held on March 5 at 8:30 am. Webcast Link

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