assurant employee benefits is now part of the sun life financial family
Is Assurant the same as Sun Life?
Since Sun Life Financial acquired Assurant’s employee benefit business in March 2016 , we’ve been working hard to combine the strengths of the two businesses. As the final milestone, we are converting Assurant Employee Benefits plans to Sun Life plans.
Did Sun Life Buy Assurant?
Sun Life Financial is a leading group benefits insurer in North America that, as part of its focus on growing its U.S. business, acquired the employee benefits business of Assurant on March 1, 2016.
Is Sun Life Insurance still in business?
Sun Life, established in 1865, is headquartered in Toronto, Canada, and is one of the oldest and largest insurance companies in the world. Sun Life insurance policies are available in all 50 states and Washington, D.C., but if you live in New York, the policies are underwritten by Delaware Life.
Who bought Sun Life of Canada?
This transaction will see over 100 plan sponsors and roughly 1.5 million insured clients and plan members/customers move from Sun Life to canadian premier Upon close, this transaction will build on Canadian Premier’s longstanding presence and expertise in the Canadian market.
What kind of insurance is Assurant?
Assurant is a global provider of risk management solutions, mainly focusing on the lifestyle and housing protection markets It offers five segments: Assurant Solutions: offers credit-related insurance, debt protection administration, warranties and service contracts, and pre-funded funeral insurance.
Who is Assurant affiliated with?
Assurant, Inc. is a Delaware corporation and is currently a wholly owned subsidiary of Fortis, Inc.
Who bought Sun Life?
This deal continues through the 2019/2020 season. In June 2019, Sun Life re-branded its Sun Life Investment Management unit to SLC Management and fully merged its fixed income businesses, Ryan Labs Asset Management Inc. and Prime Advisors, Inc.
Who bought Assurant Health?
Under the terms of the agreement, National General Holdings Corp. (NASDAQ:NGHC) acquired Assurant Health’s supplemental and small group self-funded product lines, a proprietary small group sales channel and certain assets for $14 million in cash. Current policyholder benefits remain unchanged.
Who bought Assurant Dental?
Sun Life Financial Inc. completed its $940 million acquisition of the employee benefits business of Assurant Inc., creating the sixth-largest group benefits business in the United States. Sun Life Financial Inc.
What happened to Sun Life Insurance?
Sun Life Direct rebranded to SunLife in 2014 In the same year, SunLife announced a range of savings products, including stocks and shares ISAs. In 2016, Axa sold its uk investment, pensions and insurance businesses, including SunLife, to UK insurer Phoenix Group in a £375 million deal.
What happened to Sun Life of Canada?
Sun Life Assurance Company of Canada bought Confederation Life Insurance Company Lincoln Assurance Limited transferred its long term business to Laurentian Life PLC. Laurentian Life PLC changed its name to Lincoln Assurance Limited. Sun Life Financial of Canada Asset Managers was sold.
Is Sun Life now Canada life?
Sun Life Financial acquired Clarica Life Insurance Great-West Life Assurance Company made two significant acquisitions – london life insurance and Canada Life Insurance.
How long has Sun Life been in business?
Sun Life Investment Management Inc. is formed, leveraging Sun Life’s long-standing investment experience to offer private asset class funds and liability driven investment solutions to institutional investors in Canada. We celebrate our Sesquicentennial – 150 years since our founding.
Who are AXA Sun Life now?
France’s Axa has sold its UK investment, pensions and insurance businesses, including SunLife, to UK insurer Phoenix in a £375m deal. The deal will transfer £12.3bn of assets under management and more than 910,000 policies to Phoenix.
Is Assurant insurance life insurance?
Assurant insurance is a life insurance carrier based in New York, NY. The company was founded in 1892 and offers life insurance products in 31 states in the USA.
Is Assurant Health still in business?
Assurant Health opts for costly market exit. Assurant Health will shut down its financially troubled individual insurance business by the end of 2016 after it was unable to find a willing buyer, its parent company said Wednesday.
Is Assurant insurance any good?
Overall, no, Assurant is not a good insurance company We found that Assurant has high prices and a difficult claims process, making it tough to recommend for most.