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The business was renamed Axa Sun Life Direct, and then Sun Life Direct in 2009. [28] Axa sold its main life assurance business to Resolution Group in 2010 [29] and continued to sell life insurance products through Sun Life Direct. Dean Lamble, formerly of Aviva, was appointed Managing Director. [30] He was named CEO in 2016. [31] Sun Life ...
Resolution purchased Axa Sun Life Holdings Ltd from Axa SA in Autumn 2010. [6] In October 2010 it bought Bupa Health Assurance. [7] In 2011 Resolution merged the UK operations of Friends Provident with the UK life assurance businesses acquired from Axa and Bupa under the name Friends Life. [8] Resolution changed its name to Friends Life Group ...
In February 1999 it was acquired by Axa of France for $5.7bn and integrated into its Sun Life & Provincial Holdings division. [3] It was subsequently announced that the company would move out of the Royal Exchange Building. [4] The life assurance business was acquired by Aegon later that year. [5]
Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 [4] trillion in assets under management operating in a number of countries. [5] Sun Life ranks number 235 on the Forbes Global 2000 list for 2022.
Sun Life & Provincial Holdings plc was a large British insurance company. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index . It was acquired by French insurance company Axa Group in 1996.
Axa took over The Equitable in 1991 [14] and bought Union des Assurances De Paris (UAP), France's largest insurer, in 1996 to become Axa-UAP. It reverted to the name Axa in 1999. [15] In February 1999, Axa acquired Guardian Royal Exchange. [16] In May 2000, it acquired all shares it did not already own in Sun Life & Provincial Holdings. [17]
In 2013 The Co-operative Group agreed to sell its life & pensions and asset management businesses to Royal London. The proposed transaction gained the approval of Royal London members at an EGM in June 2013 and gained regulatory approval on 31 July 2013. In 2015 Caledonian Life, the group’s Irish business rebranded to become Royal London Ireland.
In the 1980s, the company's financial services were expanded including its pension division, which was formed in 1981. [15] The pension division grew to manage $8.7 billion in pension funds by 1989. By 1989, the Mutual Life's total assets under management were nearly $22 billion and its insurance in force was $84 billion, up from $51 billion in ...