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The break was a result of the formation of the Sun Alliance and London Group. When Sun Alliance made a successful bid for London Assurance, it resulted in a conflict of interest with Sun Life, so it was agreed that they would go their separate ways. [21] From the 1970s SunLife split their headquarters between London and Bristol. [22]
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]
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] Sun Life ranks number 235 on the Forbes Global 2000 list for 2022.
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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]
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