Canadian Premier Life Insurance Company, a subsidiary of Securian Financial, has acquired Sun Life Assurance Company‘s association & affinity and credit group business in Canada.
The acquired business contains 100 client organizations and 1.5 million insured customers. The deal is Securian’s fourth Canadian acquisition since 2017.
“Today is an important milestone in our Canadian strategy,” said Chris Hilger, Securian Financial’s chairman, president and CEO. “The acquisition will position us to take advantage of growth opportunities in two promising markets for us.”