34 Facts About Sun Life

Sun Life Financial Inc is a Canadian financial services company.

Sun Life has a presence in investment management with over CAD$1.

On January 6,1978, Sun Life became the first large company to leave Quebec post-election, announcing that it would move its head office to rented space in Toronto, Ontario.

Sun Life was quite clear that this was the reason for its move when it made the announcement.

In 1962, Sun Life became a mutual company and repurchased its shares for $65 million in total.

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In 1973, Sun Life opened its American subsidiary's new headquarters in Wellesley Hills, Massachusetts, located outside Boston.

Sun Life continued to expand its wealth management business with the 1982 acquisition of Massachusetts Financial Services, the Boston-based investment management and mutual fund company.

In 2002, Sun Life combined its operations with Clarica Life Insurance of Waterloo, Ontario.

Sun Life maintains regional offices in Montreal, Ottawa, Edmonton, Vancouver, Halifax and Calgary.

In 2005, Sun Life opened a service center in Gurgaon, India to provide business processing and technology support for Sun Life Financial business units around the world.

That same year, Sun Life purchased CMG Asia and CommServe Financial, the Hong Kong insurance and pension operations of the Commonwealth Bank of Australia, tripling its customer base and adding group insurance and pensions to its business lines.

In 2007, Sun Life purchased the US employee benefits business of Genworth Financial, placing itself in the top 10 in the US group benefits market.

Sun Life had originally acquired a significant ownership interest in the firm by selling its Canadian mutual fund subsidiaries to CI Financial in 2002.

In 2009, Sun Life began an aggressive nationwide ad campaign in the United States touting its strength and the fact that it did not accept any bailout money.

In 2015, Sun Life acquired the Employee Benefits business of Assurant Inc The transaction closed in March 2016, creating the sixth-largest group benefits business in the US.

Sun Life was then replaced by Kevin Strain, who was the former Chief Financial Officer at Sun Life.

Sun Life is an Observing Organization in the Regional Carbon Initiative and a member of TravelWise, a joint program of Sustainable Waterloo Region and the Region of Waterloo.

In 2012, Sun Life celebrated the 100th anniversary of its Canadian head office building, located on King Street, right on the border of the Cities of Kitchener and Waterloo.

Sun Life US has the sixth-largest group benefits business in the United States and serves more than 60,000 employers in small, medium and large workplaces.

In 2018, Sun Life US was named one of the Top Places to Work in Massachusetts for 2018 by The Boston Globe.

In June 2019, Sun Life re-branded SLIM to SLC Management and fully merged its fixed income businesses, Ryan Labs Asset Management Inc and Prime Advisors, Inc with Sun Life Capital Management In addition, in July 2019, SLC's real estate division was merged under the name BentallGreenOak Real Estate.

Sun Life operates in eight Asian markets - Indonesia, Singapore, Vietnam, China, Hong Kong, India, the Philippines and Malaysia.

Sun Life grew to become the biggest foreign insurer in China until the Second World War when it shut down operations.

In 1995, Sun Life joined with the China Everbright Group to form Sun Life Everbright.

In 2002, Sun Life Everbright was granted approval to sell life insurance in Tianjin, China, becoming the first foreign life insurance joint venture to operate in that city and its neighbouring counties.

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In 2011, Sun Life Everbright received regulatory approval in China to establish Sun Life Everbright Insurance Asset Management Company, only the 12th such license issued in China.

Birla Sun Life Asset Management, now known as the Aditya Birla Sun Life Mutual Fund, is an investment managing company registered under the Securities and Exchange Board of India.

Sun Life entered the Philippines in 1895, and established its Cebu operations in the 1960s.

Sun Life had underground operations during the Japanese Occupation which occurred between 1942 and 1945.

Sun Life was the only life insurance company who paid post-war death claims amounting to USD 1.

Sun Life has strong asset management presence in Philippines, celebrating its 120th anniversary in the Philippines in 2015.

In March 2021, Sun Life announced new sustainable investing commitments, including an additional C$20 billion in sustainable investments over the next five years across its General Account and third party investments.

Sun Life is the official jersey sponsor of the 2019 NBA Champions Toronto Raptors of the National Basketball Association.

In 2010, Sun Life purchased the naming rights for the home field of the Miami Dolphins in Miami Gardens, Florida, for a reported US$7.