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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.
SunLife can trace its history back to the establishment of the Sun Life Assurance Society on 28 March 1810, when the Sun Fire Office Board launched a separate company to offer life assurance. [8] The society's first office opened opposite the Bank of England in London, and actuary Joshua Milne was appointed the first member of staff.
The third leg was life assurance and the first policy was issued in June. In those early days life assurance tended to be term assurance, usually for one year and taken on third party lives rather than that of the insurer – a policy was even taken on the King’s life. By Autumn 1722 the company was able to pay its first dividend. [1] [2]
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Life insurance policy dividends are returns on premiums that a policyholder receives from the insurance company when it has surplus earnings. As a general rule, life insurance policy dividends are ...
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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.
By then, Sun Fire was turning its attention to all forms of general insurance but, as was the case with life assurance, it was limited by the terms of its original deeds. This was overcome by a special act of Parliament, the Sun Insurance Office Act 1891 (54 & 55 Vict. c. xcvii) which also saw a change in name to the Sun Insurance Office. [1]