Wednesday, November 25, 2009

 

Sun Life Doing Robust Business in Variable Annuities

Canada’s third largest life insurer, Sun Life Financial, is making news this week. First the company announced its interest in a U.S. acquisition, and then its stateside chief executive said that it’s doing a robust business in variable annuities... This should make investors, as well as the rest of the insurance market, sit up and take notice, since variable annuities have been nothing but a black eye for many insurers. In contrast, Sun Life Financial U.S. President Wes Thompson told National Underwriter that sales were up 64 percent to $2.5 billion this year over last year... BNet: Sun Life Doing Robust Business in Variable Annuities

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