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Sun Life increases presence in Britain with $395M acquisition - Metro US

Sun Life increases presence in Britain with $395M acquisition

Sun Life Financial, one of Canada’s largest insurance companies, is boosting its presence overseas with the acquisition of the United Kingdom operations of Lincoln National Corp. for about $395 million.

The Toronto-based insurer will increase its business in Britain by about 60 per cent to $19 billion through the transaction, said Sun Life’s chief executive Donald Stewart in a release.

It will also double the number of policies in force to 1.1 million.

Sun Life Financial, which is one of Canada’s most global insurance companies, also has operations in the United States, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda.

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