TSX:SLF - Post Discussion
Post by
retiredcf on Nov 18, 2020 9:20am
Globe & Mail
07:10 AM EST, 11/18/2020 (MT Newswires) -- Sun Life Financial Inc. (TSX: SLF and NYSE: SLF) announced Wednesday that its subsidiary Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) and Asia Commercial Joint Stock Bank (ACB) have formed a 15-year exclusive bancassurance partnership in Vietnam.
Launching January 1, 2021, the partnership combines ACB's distribution network of 371 branches with Sun Life Vietnam's life insurance solutions. "It will give ACB's fast-growing base of over 3.6 million Clients access to a comprehensive range of innovative insurance solutions at different life stages."
Sun Life Vietnam achieved sales growth of 47% over the 12 months ending September 30, 2020, compared to the same period last year.
Price: 59.14, Change: -0.27, Percent Change: -0.45
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