Reinsurance News

Sun Life

Sun Life opens office in Dubai International Financial Centre

30th December 2025

Sun Life, an international financial services company that offers a broad range of insurance, wealth, and asset management solutions, has received authorisation from the Dubai Financial Services Authority to establish an office in Dubai International Financial Centre (DIFC). The new DIFC office is to be led by Senior Executive Officer, Sameera ... Read the full article

Sun Life Philippines implements ALLFINANZ SPARK to enhance underwriting efficiency

4th February 2025

Sun Life Philippines, an insurance provider in the country, has officially launched Munich Re’s ALLFINANZ SPARK SaaS solution, marking a significant step in enhancing its underwriting processes. The ALLFINANZ SPARK platform, which includes advanced data analytics modules such as Insight Origin and Data Exchange, is now live at Sun Life Philippines. This ... Read the full article

Sun Life Malaysia to streamline underwriting process with Munich Re SaaS-based underwriting platform

6th September 2024

Sun Life Malaysia has adopted Munich Re Automation Solutions’ software-as-a-service (SaaS) underwriting solution to streamline the underwriting process and enhance its customer experience. This partnership will provide Sun Life Malaysia with a cutting-edge SaaS-based automated underwriting platform and analytics digital service. This will help them streamline their processes, reduce costs, and ... Read the full article

Sun Life completes sale of its UK business to Phoenix Group

3rd April 2023

Sun Life Financial has completed the sale of Sun Life UK to Phoenix Group, a London-based long-term savings and retirement business. This transaction will see Sun Life UK's life and pension policies and annuity blocks for UK Clients move to Phoenix Group. The deal was first announced in August of 2022, ... Read the full article

Phoenix Group to acquire Sun Life UK for £248 million

8th August 2022

Life consolidator Phoenix Group is set to acquire Sun Life UK, a closed book UK life insurance company, for £248 million, funded from existing cash resources. The deal is expected to deliver c.£470 million of incremental long-term cash generation, with approximately 30% of this cash generation to emerge in the first ... Read the full article

Munich Re Automation Solutions expands Sun Life collaboration

10th December 2020

Munich Re Automation Solutions Ltd, an insurtech specialist and part of the Munich Re Group, has expanded its relationship with Sun Life Financial Inc. Currently, Sun Life advisers and clients in Canada are leveraging Munich Re Automation Solutions' cloud and managed services. This new and expanded collaboration provides access to various modules ... Read the full article

Reinsurance Group of America CEO joins Sun Life Financial board

15th December 2016

Greig Woodring, Chief Executive Officer (CEO) of Reinsurance Group of America (RGA), one of the world's leading life reinsurers, has been appointed to Sun Life Financial's Board of Directors effective January 1st, 2017. As well as the addition of Woodring, Sun Life Financial also announced that Stephanie Coyles, a strategic consultant and ... Read the full article