Sun Life Financial to Acquire U.S. Employee Benefits business of Assurant
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Sun Life Financial (SLF) to Acquire Assurant's (AIZ) Employee Benefits Business in $975M Deal
September 9, 2015 5:06 PM EDTSun Life Financial (NYSE: SLF) announced an agreement with Assurant, Inc. (Assurant) (NYSE: AIZ) to acquire Assurant's Employee Benefits business for a net investment of US$975 million.1 The transaction will create the sixth largest group benefits business in the U.S., with the combined business having one of the broadest product portfolios in the industry.
"The acquisition of the Assurant Employee Benefits business is directly on strategy, accelerating the growth of our U.S. Group Benefits business and expanding the scope of our benefits business in North... More
