Sun Life – Benefits Canada.com

Sun Life Canada appointing Jacques Goulet as executive chair, Jessica Tan as president

bwolfe — Mon, 16 Sep 2024 19:00:21 +0000

Sun Life Financial Inc. is appointing Jacques Goulet as executive chair and Jessica Tan as president of Sun Life Canada, effective Sept. 30. In his new role, Goulet will support a smooth leadership transition and help deliver on key elements of the company’s enterprise strategy. He’ll also continue as the chair of the board of […]

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Sun Life to acquire Dialogue Health Technologies

Sadie Janes — Wed, 26 Jul 2023 19:00:08 +0000

Sun Life Financial Inc. has entered into a definitive agreement to acquire Dialogue Health Technologies Inc. for roughly $365 million. The insurer initially invested in the virtual-care platform in 2020 and subsequently expanded the relationship as a large shareholder and partner. Dialogue will maintain its head office in Montreal and will continue to operate as a […]

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Sun Life completes acquisition of U.S. dental benefits provider

Sadie Janes — Mon, 06 Jun 2022 19:00:36 +0000

Sun Life Financial Inc. has completed its previously announced acquisition of U.S.-based dental benefits provider DentaQuest. DentaQuest is now part of Sun Life’s U.S. business, which offers dental benefits through employers for their benefits plans and has an extensive national commercial dental network. The completion of the acquisition is expected to bring Sun Life U.S.’s total […]

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Sun Life buying dental benefits provider, People Corporation acquiring digital wellness solution

mdunne — Wed, 06 Oct 2021 13:00:41 +0000

Sun Life is buying DentaQuest, a U.S.-based provider of dental benefits, for $3.1 billion. The company, which offers dental benefits through employers, will become part of Sun Life’s U.S. business. The insurer said the acquisition will more than double the size of its U.S. employee benefits business by revenue. DentaQuest currently has more than 33 million members in 36 […]

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Sun Life completes acquisition of U.S. health-care provider

Jennifer Paterson — Mon, 05 Jul 2021 19:30:16 +0000

Sun Life Financial Inc. has completed its acquisition of PinnacleCare International Inc., a U.S. health-care navigation and medical intelligence provider. Based in Maryland, PinnacleCare has more than 170 employees and 20 years of experience helping people navigate their care options when facing a serious medical condition. It will become part of Sun Life’s U.S. stop-loss and […]

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CAP plan sponsors focusing on learnings from first six months of pandemic

mschmit — Mon, 05 Oct 2020 09:53:11 +0000

While many Canadians panicked and stocked up on toilet paper when a global pandemic was declared in March, most capital accumulation plan members stayed calm enough not to make fund changes, according to a webinar hosted by the Association of Canadian Pension Management on Thursday. “[We] found, overall, plan members appear to be staying the […]

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Is it time for an asset-strategy check-up?

mschmit — Thu, 27 Aug 2020 04:14:00 +0000

At the time of my last column in May, many pension plan sponsors were catching their breath after watching funding levels take a roller coaster ride. After a steep drop earlier in the year, funding levels were slowly recovering. However, market uncertainty remained and it wasn’t clear what was coming next. Thankfully the last few […]

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How West Fraser is taking a phased approach to pension plan annuitization

mschmit — Thu, 20 Feb 2020 04:49:13 +0000

West Fraser Timber Co. Ltd. isn’t annuitizing multiple defined benefit plans to get out of the pension business. In fact, the British Columbia-based integrated wood products company is committed to DB. “We believe we get tremendous value out of our DB plans around recruitment and definitely around retention of our employees,” says Elaine Jensen, the […]

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Sun Life to expand infrastructure expertise with investment in InfraRed

mschmit — Thu, 19 Dec 2019 04:17:40 +0000

Sun Life Financial Inc. says it has committed about $1.05 billion for a deal that will give it majority ownership of London-based InfraRed Capital Partners, a global investment manager with a focus on infrastructure. Toronto-based Sun Life says it will pay the equivalent of $515 million (300 million pounds) to acquire 80 per cent of […]

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Sun Life becomes first insurance company to offer sustainability bond

mschmit — Fri, 09 Aug 2019 10:16:49 +0000

While many financial institutions are issuing green bonds, Sun Life Financial is the first insurance company globally to issue a sustainability bond, which will cover investments in both green assets and other assets serving a broader social purpose. On Wednesday, Sun Life announced it’s issuing a $750 million principal amount of Series 2019-1 subordinated unsecured […]

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