Union of Canada Life Insurance to be transferred to The Union Life Mutual Assurance Company
TORONTO , May 17, 2012 /CNW/ - Grant Thornton Limited, Court-appointed Liquidator of Union of Canada Life Insurance, has signed an agreement with The Union Life Mutual Assurance Company (UL Mutual) whereby ...

Union Life Mutual to assume Union of Canada Life policies, liquidator says
TORONTO - Responsibility for all the policies of insolvent Union of Canada Life Insurance has been reassigned to another company under a deal announced Thursday by a court-appointed liquidator.

Union of Canada Life Insurance policies to be transferred to The Union Life Mutual Assurance Company
TORONTO , May 17, 2012 /CNW/ - Assuris announced today that The Union Life Mutual Assurance Company (UL Mutual) has agreed to assume responsibility for all the policies of Union of Canada Life Insurance, ...

CORRECTED-ING Asia life insurance sale shifts into top gear
(Corrects paragraph 11 to clarify CEO comments on proceeds from Asian sales) HONG KONG (Reuters) - Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among suitors expected to place first-round bids on Friday to buy ING Groep's Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, sources familiar with the matter said. A sale topping $7 ...

Canada's Sun Life plans sale of British arm: Sky
LONDON (Reuters) - Canadian financial services firm Sun Life Financial plans to sell its British life insurance unit to avoid tough new capital requirements for European insurers, Sky News reported on Tuesday. A spokesperson for Sun Life's British division was not immediately reachable for comment. Sun Life has hired investment bank Morgan Stanley to auction the business, which could fetch 1 ...