Delaware Life Holdings will purchase Sun Life Financial’s (TSX: SLF, NYSE: SLF) U.S. annuity business and certain life insurance businesses for $1.35 billion.

Sun Life, headquartered in Toronto, is a financial services company that has about $515 billion in assets under management.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.