Insurance companies rebrand following acquisition of Sun Life’s sponsored markets business.
Group business transaction impacts 1.5-million plan members.
He succeeds Suzette Huovinen, who is returning to a senior executive role at the insurer’s U.S. parent company.
Upon close of the transaction, Sun Life expects to generate a one-time after-tax gain of approximately $65 million.
The buyer is the former owner of another wholesaler.
The digital life insurance platform is partnering with Canadian Premier to offer the coverage.
Canadian Premier Life has completed an acquisition that was first announced earlier this year.