Investing.com - Financial Markets Worldwide
Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Canada's Sun Life in talks to buy Assurant's unit -Bloomberg

Published 2015-08-24, 07:06 p/m
© Reuters. Canada's Sun Life in talks to buy Assurant's unit -Bloomberg
AIZ
-
SLF
-

Aug 24 (Reuters) - Canadian insurer Sun Life Financial Inc
SLF.TO is in talks to buy New York-based insurer Assurant (NYSE:AIZ)
Inc's AIZ.N employee-benefits unit for about $900 million,
Bloomberg reported, citing people familiar with the matter.
A deal could be announced within two weeks or the talks
could still fall apart, Bloomberg cited the sources as saying.
(http://bloom.bg/1MJBZ97)
The assets for sale include life, disability, dental, vision
and other types of insurance that people acquire through their
employers, the Bloomberg wrote.
Sun Life, which has been expanding its operations in the
United States, announced in June that it would buy U.S.-based
investment management company Prime Advisors Inc and North
American real estate investment manager Bentall Kennedy Group.

Sun Life and Assurant could not be reached for comment
outside regular business hours.
Sun Life's stock, which closed on Monday at C$39.26, has
fallen about 6 percent on the Toronto Stock Exchange this year.
Assurance shares are up nearly 5 percent this year, closing
on Monday at $71.59 on the New York Stock Exchange.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.