These included the 2007 acquisition of Genworth Financial, which launched Sun Life into a top ten position in the country for employee benefits. The company’s expansion in the United States grew by leaps and bounds with several mergers and acquisitions as the business gains kept piling up. The Sun Life Centre was built in 1984 and the company uses that office building to this day. The building is still in use and remains a well-known part of the city, although Sun Life now has its headquarters in a Toronto office. Operation Fish was the name of the project that made this building the secret home of a fortune in British jewels and gold, as the items were shipped in containers marked “fish”.
Throughout the following century, Sun Life’s business growth would continue at an incredible rate.īegun in 1918 and completed with an expansion in 1931, the Sun Life Building in Montreal wasn’t the tallest at the time but was the largest by square footage anywhere in the Empire. It was obvious that this was just the beginning of a bright career. His fortunes grew fast by the end of the century, the company had expanded into the United States, Central and South America, the United Kingdom, Japan, China, and several other countries. The company’s founder was an Irish immigrant who arrived in Montreal in 1842. Sun Life Financial started out as The Sun Insurance Company of Montreal in 1865, founded in the city of the same name. Secured with SHA-256 Encryption What is Sun Life? Having made efforts in recent years to improve their brand recognition, Sun Life is a little better known than they once were, and it seems likely that trend of continued business growth will continue. They don’t have quite the name recognition as heavy hitters like MetLife and Prudential, but their total assets under management definitely makes them a company worth a closer look. In the U.S., they offer a broad range of life insurance and other related products, and they have developed a good foothold on the employee benefits market. and the Forbes Global 2000 thanks to their insurance sales. From humble beginnings, they have spread across the globe and earned a position on the Fortune 500 in the U.S.
Sun Life’s history reads like a New World success story – founded by an immigrant and rising to enormous success.
That same building held the British Crown Jewels for safekeeping during the Second World War, along with gold reserves, making it an even bigger part of history. They also made their mark on the Canadian landscape, completing construction of the largest building in the entire British Empire, their headquarters in Montreal. Sun Life brought a few firsts to the insurance market, like being the first to offer group life insurance in Canada . market for well over 100 years and have added a number of financial products to their lineup. Founded in 1865 in Montreal, Canada, Sun Life Financial has become one of the biggest life insurance solutions companies in the world.