April 4, 2018 09:45
The Sun Life Financial aligns its activities to life insurance for high net worth clients of the international division on the activities of Sun Life Financial Asia. Until now, the international division was a matter of Sun Life Financial United States.
Sun Life says that this announcement will not involve any change to customers and will not impact on the operations, products and services of the Sun Life Financial International.
Growth in Asia
«The Sun Life Financial International helps high net worth clients to transfer their heritage to the next generations through life insurance products, and as this customer is mainly found in Asia, this integration ensures better alignment on our pillar Asia,» says the president and chief executive officer Sun Life Financial Dean Connor. The change will also speed up the development of insurance solutions for high net worth clients in Asia, according to the insurer.
The Sun Life Financial United States will work now to grow the business in the field of group benefits and to manage the portfolios of individual insurance contracts in force in the United States, » added Mr. Connor.
Starting from the first quarter of 2018, the financial and operational results of the international subsidiary will be taken into account in those of Asia, while they appeared previously in the american division.