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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] In 2022 the company ranked number 235 on the Forbes Global 2000 list.
In 1997, Prudential settled a class action lawsuit by millions of its customers who had been sold unnecessary life insurance by Prudential agents over a 13-year period ending in 1995. The settlement called for Prudential to repay an estimated $2 billion to customers through direct refunds and enhancements to existing policies.
Renamed Clarica Life in 2000. Acquired by Sun Life in 2002. National Life Assurance Company of Canada 1897 2005 Merged into Industrial Alliance Insurance North American Life Assurance Company: 1881 1995 Manulife: North Waterloo Farmers Mutual 1874 2016 Merged with Oxford Mutual to form Heartland Farm Mutual North West Life Assurance Company of ...
Prudential were the inaugural sponsor of RideLondon, an annual two-day cycling festival, held for the first time in 2013. The 2017 Prudential RideLondon-Surrey 100 set a new fundraising record for the event, with £12.75 million raised for charity, bringing the total raised by the event to more than £53 million in its first five years.
On 10 June 1999, shareholders voted to demutualise the company and to change its name to the Clarica Life Insurance Company. [2] Clarica determined a valuation of CAD 865 million, and on 15 July 1999 made its initial public offering of 42.2 million shares valued at CAD 20.50 per. [ 3 ] In December 2001, Sun Life made a CAD 7.1 billion offer to ...
Founded as Union Mutual in 1848 and known as UnumProvident from 1999-2007. [2] The company is part of the Fortune 500. [3] Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies [2] and comprises four distinct businesses – Unum US, Unum UK, Unum Poland and Colonial Life. Its underwriting insurers include The ...