Sun Life Financial will align its international high net worth life insurance business with its Asia business group as part of efforts to boost its operations in the region.
At the moment, the international business is integrated into the US business group.
In a statement, Sun Life Financialâ€™s president and CEO, Dean Connor, noted that the international business allows high net worth clients to move their wealth to future generations via life insurance.
Because most of those clients are primarily based in Asia, he said, it is best to align that business with Asian operations.
When this is done, Sun Life expects accelerated growth in the high net worth insurance business in the Asian region.
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