Sun Life Financial
Encyclopedia
Sun Life Financial Inc. is an international financial services company known primarily as a life insurance
company. Based in Toronto
, Canada
, Sun Life and its partners provide insurance, retirement and investment solutions for individuals and businesses around the world including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. Sun Life ranks number 236 on the Forbes Global 2000
list for 2010.
, Quebec
, as The Sun Insurance Company of Montreal in 1865 by Mathew Hamilton Gault, an Irish
immigrant who settled in Montreal in 1842, its operations actually began in 1871. By the end of the nineteenth century it had expanded to Central
and South America, the United States
, the United Kingdom
, West Indies, Japan
, China
, India
, North Africa
and other international markets. During the next five decades the company grew and prospered, surviving the difficulties of World War I
and the large drain on its finances through policy claims arising from the large number of deaths caused by the Great Flu Epidemic of 1918.
The company's original Dominion Square building in Montreal was built in 1918. Capping a Montreal construction boom that began in the 1920s, the company completed construction of the expansion of its headquarters with its new 26-storey headquarters north tower in 1933. Although the new head office of the Royal Bank of Canada
at 360 St. James Street
in Montreal was taller by several floors, the Sun Life Building
was at the time the largest building in terms of square footage anywhere in the British Empire
.
the British Crown Jewels as well as the gold reserves of several European countries were moved to what is now known as the Old Sun Life Building for safekeeping. The Sun Life Company also reports that this building "...and its basement was the secret storage location of British securities during World War II."
. As early as 1950, Toronto's economic activity surpassed Montreal's with regards to stock market trading and capitalization. The advent, in the 1960s, of political and terrorist
movements demanding Quebec independence
from Canada cast a pallor of uncertainty over the business community. In 1977, the newly elected sovereigntist
Quebec government passed the Charter of the French Language
(known as Bill 101), making the use of French language
mandatory for medium- and large-scale companies when communicating with French-speaking staff. This law was received negatively by the English-speaking business community, many of whom perceived that the historical rights of the English-speaking minority should be respected. On January 6, 1978, the company scaled down the Montreal facilities to serve as a branch service bureau while shifting its head office to rented space in Toronto, Ontario. Officially, Sun Life said it was motivated by the political instability and economic uncertainty of Quebec's future, but skeptics said it was the company's unwillingness to comply with the requirements of Bill 101. In 1979 the company acquired a property at University Avenue and King Street in downtown Toronto and constructed a major ultra-modern office complex called Sun Life Centre, which was completed in 1984.
Bill 101 required more than French communications with French-speaking staff. It made French the official language of the workplace. It also provided that present and prospective employees who could not speak English not be discriminated against because of their inability to speak English.
For the largest employer of English-speaking people in Montreal, this would make things very difficult. Many, if not most, of Sun Life's Head Office employees in 1979 could not speak French fluently. Sun Life was quite clear that this was the reason for their move when they made the announcement. The PQ government was quick to label Sun Life "bad corporate citizens" and claimed that if "they had only warned us, we could have worked something out."
The downsizing of Sun Life's Montreal office did not take place overnight. Transfers and moves were made on a per department basis and did not commence until several months after the announcement of the move.
The transfer of Sun Life's Head Office from Montreal to Toronto is viewed by many to be the start of an exodus of corporate entities from Montreal, but Sun Life was not the first company to leave. Many companies had left long before Sun Life did, only on a much quieter, private basis.
There were several other key activities in the post-war years including the decision by Sun Life to leave many markets, including China and India, because of economic and political changes. In 1962, Sun Life became a mutual company and bought back its shares for $65 million in total. In 1973, Sun Life opened its American subsidiary's new headquarters in Wellesley Hills, Massachusetts at the outskirts of Boston.
International expansion continued in the 1990s. In 1995, Sun Life entered the Indonesia market through local company PT Asuransi Modern Sun Life, now called PT Sun Life Financial Indonesia and opened a Representative Office in Beijing in preparation to enter China. A year later, Sun Life opened a services centre in Waterford, Ireland, to provide technology and business processing support for Sun Life business units.
In 1999, Sun Life officially returned to India
and China
when it established two joint ventures – Birla Sun Life in India with local partner Aditya Birla Group
, and Sun Life Everbright in China with partner China Everbright Limited
. Over the next decade, both operations grew rapidly – by September 2008, there were 132,460 Birla Sun advisors working in 600 branches across India while Sun Life Everbright opened its sixth branch in Guangzhou, bringing its presence to 18 cities in China
.
In 2002, Sun Life combined its operations with Clarica Life Insurance Company of Waterloo, Ontario. Founded in 1870 as Mutual Life of Canada, Clarica was known as The Mutual Group before it went public in 1999. Waterloo, Ontario
became the home to the Canadian operations while a regional office and Sun Life’s corporate headquarters remained in Toronto
. There are also regional offices in Montreal
, Ottawa
, Edmonton
, Vancouver
, Halifax and Calgary
. After the operations were integrated, the Clarica brand name continued to be used for certain products and activities until its retirement in 2007.
In 2005, Sun Life opened a service centre in Gurgaon, India
to provide business processing and technology support for Sun Life Financial business units around the world. That same year, Sun Life purchased CMG Asia and CommServe Financial, the Hong Kong insurance and pension operations of the Commonwealth Bank of Australia, tripling its customer base and adding group insurance and pensions to its business lines.
In 2007, Sun Life purchased the employee benefits business of Genworth Financial, placing itself in the top 10 in the U.S. group benefits market.
In 2008, Sun Life sold its 37% interest in CI Financial Income Fund
to Scotiabank
. Sun Life had originally acquired a significant ownership interest in the firm by selling its mutual fund subsidiaries to CI Financial in 2002. While it no longer owns an interest in CI Financial, Sun Life continues to have a distribution arrangement with CI Financial.
At September 30, 2008, Sun Life had assets under management of Cdn $389 billion and including joint ventures had more than 28,000 employees and 147,590 advisors in 22 countries serving more than 25 million customers worldwide. Birla Sun Life is ranked as one of the top six privately owned life insurers in India. While in Canada, Sun Life is ranked #1 in several lines of business including Defined Contribution Pension Plans, Group RRSPs and Deferred Profit Sharing Plans.
Sun Life Financial Inc. shares trade on the Toronto, New York, and Philippines stock exchanges. It is one of Standard & Poor's Global 1200 companies.
In 2009, Sun Life began an aggressive nationwide ad campaign in the United States
touting their strength and the fact that they did not accept any bailout money. The commercials parody the concept of naming rights
, where a couple naïve employees go around the country attempting to put the company's name on various sun-themed things, from KC and the Sunshine Band
to Cirque du Soleil
to the state of Florida
. In a case of life imitating art
, they would actually purchase naming rights to the former Dolphin Stadium in Miami.
On January 18, 2010, Sun Life purchased the naming rights for the home field of the Miami Dolphins
for a reported US$
7.5 million per year. Under the five year contract the stadium will be named Sun Life Stadium.
Among other contributions in 2008, Sun Life provided financial and other support to the following organizations and initiatives:
Sun Life is also the name sponsor of Sun Life Stadium in Miami Gardens
, Florida
, home of the Miami Dolphins
football
team (NFL
), the University of Miami
Hurricanes
football team (NCAA
), the annual Orange Bowl
college football
bowl game
, and until 2012, the Miami Marlins baseball
team (MLB
– National League
).
of Sun Life Financial are:
Life insurance
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...
company. Based in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, Sun Life and its partners provide insurance, retirement and investment solutions for individuals and businesses around the world including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. Sun Life ranks number 236 on the Forbes Global 2000
Forbes Global 2000
The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine. The ranking is based on a mix of four metrics: sales, profit, assets and market value...
list for 2010.
Pre-World War II
Founded in MontrealMontreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
, as The Sun Insurance Company of Montreal in 1865 by Mathew Hamilton Gault, an Irish
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
immigrant who settled in Montreal in 1842, its operations actually began in 1871. By the end of the nineteenth century it had expanded to Central
Central America
Central America is the central geographic region of the Americas. It is the southernmost, isthmian portion of the North American continent, which connects with South America on the southeast. When considered part of the unified continental model, it is considered a subcontinent...
and South America, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, West Indies, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, North Africa
North Africa
North Africa or Northern Africa is the northernmost region of the African continent, linked by the Sahara to Sub-Saharan Africa. Geopolitically, the United Nations definition of Northern Africa includes eight countries or territories; Algeria, Egypt, Libya, Morocco, South Sudan, Sudan, Tunisia, and...
and other international markets. During the next five decades the company grew and prospered, surviving the difficulties of World War I
World War I
World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...
and the large drain on its finances through policy claims arising from the large number of deaths caused by the Great Flu Epidemic of 1918.
The company's original Dominion Square building in Montreal was built in 1918. Capping a Montreal construction boom that began in the 1920s, the company completed construction of the expansion of its headquarters with its new 26-storey headquarters north tower in 1933. Although the new head office of the Royal Bank of Canada
Royal Bank of Canada
The Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,...
at 360 St. James Street
Saint Jacques Street
Saint Jacques Street is a major street in Montreal, Quebec, Canada.The street has had two official names: St. James Street in English after St. James's, London; and its current appellation, rue Saint-Jacques, in French. Both names are sometimes used in English, though Saint-Jacques is the most...
in Montreal was taller by several floors, the Sun Life Building
Sun Life Building
The Sun Life Building is a historic office building on Dorchester Square in downtown Montreal, Canada.-History and construction:...
was at the time the largest building in terms of square footage anywhere in the British Empire
British Empire
The British Empire comprised the dominions, colonies, protectorates, mandates and other territories ruled or administered by the United Kingdom. It originated with the overseas colonies and trading posts established by England in the late 16th and early 17th centuries. At its height, it was the...
.
World War II
In World War IIWorld War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
the British Crown Jewels as well as the gold reserves of several European countries were moved to what is now known as the Old Sun Life Building for safekeeping. The Sun Life Company also reports that this building "...and its basement was the secret storage location of British securities during World War II."
Post-World War II
During the post-war period, the company's successful business strategies made it one of Montreal's largest white-collar employers, one of the top corporations in Canada, as well as a global player in the life insurance field. For the first half of the 20th century, the city of Montreal had been the economic hub of Canada, but it was losing ground to TorontoToronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
. As early as 1950, Toronto's economic activity surpassed Montreal's with regards to stock market trading and capitalization. The advent, in the 1960s, of political and terrorist
Terrorism
Terrorism is the systematic use of terror, especially as a means of coercion. In the international community, however, terrorism has no universally agreed, legally binding, criminal law definition...
movements demanding Quebec independence
Quebec sovereignty movement
The Quebec sovereignty movement refers to both the political movement and the ideology of values, concepts and ideas that promote the secession of the province of Quebec from the rest of Canada...
from Canada cast a pallor of uncertainty over the business community. In 1977, the newly elected sovereigntist
Quebec sovereignty movement
The Quebec sovereignty movement refers to both the political movement and the ideology of values, concepts and ideas that promote the secession of the province of Quebec from the rest of Canada...
Quebec government passed the Charter of the French Language
Charter of the French Language
The Charter of the French Language , also known as Bill 101 and Loi 101, is a law in the province of Quebec in Canada defining French, the language of the majority of the population, as the only official language of Quebec, and framing fundamental language rights for everyone in the province...
(known as Bill 101), making the use of French language
French language
French is a Romance language spoken as a first language in France, the Romandy region in Switzerland, Wallonia and Brussels in Belgium, Monaco, the regions of Quebec and Acadia in Canada, and by various communities elsewhere. Second-language speakers of French are distributed throughout many parts...
mandatory for medium- and large-scale companies when communicating with French-speaking staff. This law was received negatively by the English-speaking business community, many of whom perceived that the historical rights of the English-speaking minority should be respected. On January 6, 1978, the company scaled down the Montreal facilities to serve as a branch service bureau while shifting its head office to rented space in Toronto, Ontario. Officially, Sun Life said it was motivated by the political instability and economic uncertainty of Quebec's future, but skeptics said it was the company's unwillingness to comply with the requirements of Bill 101. In 1979 the company acquired a property at University Avenue and King Street in downtown Toronto and constructed a major ultra-modern office complex called Sun Life Centre, which was completed in 1984.
Bill 101 required more than French communications with French-speaking staff. It made French the official language of the workplace. It also provided that present and prospective employees who could not speak English not be discriminated against because of their inability to speak English.
For the largest employer of English-speaking people in Montreal, this would make things very difficult. Many, if not most, of Sun Life's Head Office employees in 1979 could not speak French fluently. Sun Life was quite clear that this was the reason for their move when they made the announcement. The PQ government was quick to label Sun Life "bad corporate citizens" and claimed that if "they had only warned us, we could have worked something out."
The downsizing of Sun Life's Montreal office did not take place overnight. Transfers and moves were made on a per department basis and did not commence until several months after the announcement of the move.
The transfer of Sun Life's Head Office from Montreal to Toronto is viewed by many to be the start of an exodus of corporate entities from Montreal, but Sun Life was not the first company to leave. Many companies had left long before Sun Life did, only on a much quieter, private basis.
There were several other key activities in the post-war years including the decision by Sun Life to leave many markets, including China and India, because of economic and political changes. In 1962, Sun Life became a mutual company and bought back its shares for $65 million in total. In 1973, Sun Life opened its American subsidiary's new headquarters in Wellesley Hills, Massachusetts at the outskirts of Boston.
1980s – 1990s
Sun Life continued to expand its wealth management business with the 1982 acquisition of Massachusetts Financial Services (MFS), the Boston-based investment management and mutual fund company. It entered the mutual fund business in Canada by forming Spectrum Mutual Fund Services in 1987 and a decade later, acquired McLean Budden, a Canadian investment management firm.International expansion continued in the 1990s. In 1995, Sun Life entered the Indonesia market through local company PT Asuransi Modern Sun Life, now called PT Sun Life Financial Indonesia and opened a Representative Office in Beijing in preparation to enter China. A year later, Sun Life opened a services centre in Waterford, Ireland, to provide technology and business processing support for Sun Life business units.
In 1999, Sun Life officially returned to India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
and China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
when it established two joint ventures – Birla Sun Life in India with local partner Aditya Birla Group
Aditya Birla Group
The Aditya Birla Group is an Indian multinational conglomerate corporation headquartered in Mumbai, India. It operates in 33 countries with more than 133,000 employees worldwide...
, and Sun Life Everbright in China with partner China Everbright Limited
China Everbright Limited
China Everbright Limited is a financial services company in asset management, direct investment, brokerage and investment banking in the Greater China region, including Mainland China and Hong Kong...
. Over the next decade, both operations grew rapidly – by September 2008, there were 132,460 Birla Sun advisors working in 600 branches across India while Sun Life Everbright opened its sixth branch in Guangzhou, bringing its presence to 18 cities in China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
.
2000 to present
In early 1998, Sun Life announced its intention to demutualize. In March 2000, its Initial Public Offering (IPO) started the trading of its shares on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges.In 2002, Sun Life combined its operations with Clarica Life Insurance Company of Waterloo, Ontario. Founded in 1870 as Mutual Life of Canada, Clarica was known as The Mutual Group before it went public in 1999. Waterloo, Ontario
Waterloo, Ontario
Waterloo is a city in Southern Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the city of Kitchener....
became the home to the Canadian operations while a regional office and Sun Life’s corporate headquarters remained in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
. There are also regional offices in Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
, Ottawa
Ottawa
Ottawa is the capital of Canada, the second largest city in the Province of Ontario, and the fourth largest city in the country. The city is located on the south bank of the Ottawa River in the eastern portion of Southern Ontario...
, Edmonton
Edmonton
Edmonton is the capital of the Canadian province of Alberta and is the province's second-largest city. Edmonton is located on the North Saskatchewan River and is the centre of the Edmonton Capital Region, which is surrounded by the central region of the province.The city and its census...
, Vancouver
Vancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...
, Halifax and Calgary
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
. After the operations were integrated, the Clarica brand name continued to be used for certain products and activities until its retirement in 2007.
In 2005, Sun Life opened a service centre in Gurgaon, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
to provide business processing and technology support for Sun Life Financial business units around the world. That same year, Sun Life purchased CMG Asia and CommServe Financial, the Hong Kong insurance and pension operations of the Commonwealth Bank of Australia, tripling its customer base and adding group insurance and pensions to its business lines.
In 2007, Sun Life purchased the employee benefits business of Genworth Financial, placing itself in the top 10 in the U.S. group benefits market.
In 2008, Sun Life sold its 37% interest in CI Financial Income Fund
CI Financial
CI Financial Corp. is a diversified wealth management firm headquartered in Toronto, Ontario and is one of Canada’s largest investment fund companies....
to Scotiabank
Scotiabank
The Bank of Nova Scotia , commonly known as Scotiabank , is the third largest bank in Canada by deposits and market capitalization. It serves some 18.6 million customers in more than 50 countries around the world and offers a broad range of products and services including personal, commercial,...
. Sun Life had originally acquired a significant ownership interest in the firm by selling its mutual fund subsidiaries to CI Financial in 2002. While it no longer owns an interest in CI Financial, Sun Life continues to have a distribution arrangement with CI Financial.
At September 30, 2008, Sun Life had assets under management of Cdn $389 billion and including joint ventures had more than 28,000 employees and 147,590 advisors in 22 countries serving more than 25 million customers worldwide. Birla Sun Life is ranked as one of the top six privately owned life insurers in India. While in Canada, Sun Life is ranked #1 in several lines of business including Defined Contribution Pension Plans, Group RRSPs and Deferred Profit Sharing Plans.
Sun Life Financial Inc. shares trade on the Toronto, New York, and Philippines stock exchanges. It is one of Standard & Poor's Global 1200 companies.
In 2009, Sun Life began an aggressive nationwide ad campaign in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
touting their strength and the fact that they did not accept any bailout money. The commercials parody the concept of naming rights
Naming rights
In the private sector, naming rights are a financial transaction whereby a corporation or other entity purchases the right to name a facility, typically for a defined period of time. For properties like a multi-purpose arena, performing arts venue or an athletic field, the term ranges from three...
, where a couple naïve employees go around the country attempting to put the company's name on various sun-themed things, from KC and the Sunshine Band
KC and the Sunshine Band
KC and the Sunshine Band is an American musical group. Founded in 1973 in Miami, Florida, their style has included funk, R&B, and disco. Their most well known songs include the disco hits "That's the Way ", " Shake Your Booty", "I'm Your Boogie Man", "Keep It Comin' Love", "Get Down Tonight", "Give...
to Cirque du Soleil
Cirque du Soleil
Cirque du Soleil , is a Canadian entertainment company, self-described as a "dramatic mix of circus arts and street entertainment." Based in Montreal, Quebec, Canada, and located in the inner-city area of Saint-Michel, it was founded in Baie-Saint-Paul in 1984 by two former street performers, Guy...
to the state of Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
. In a case of life imitating art
Life imitating art
-The Philosophical Position:Anti-mimesis is a philosophical position that holds the direct opposite of mimesis. Its most notable proponent is Oscar Wilde, who held in his 1889 essay The Decay of Lying that "Life imitates Art far more than Art imitates Life"...
, they would actually purchase naming rights to the former Dolphin Stadium in Miami.
On January 18, 2010, Sun Life purchased the naming rights for the home field of the Miami Dolphins
Miami Dolphins
The Miami Dolphins are a Professional football team based in the Miami metropolitan area in Florida. The team is part of the Eastern Division of the American Football Conference in the National Football League...
for a reported US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
7.5 million per year. Under the five year contract the stadium will be named Sun Life Stadium.
Awards, sponsorship and philanthropy
In 2008, Sun Life received the following awards:- Named one of the 50 Best Corporate Citizens in Canada
- Sun Life’s ChinaChinaChinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
operations recognized for exceptional corporate social responsibility - Insurance and Financial Communicators Association Award of Excellence for the Canadian Sun Life My Financial Plan website
- The Canadian Children’s Aid Foundation's Corporate Award recognizing more than 25 years of support, including sponsorship of The Sun Life Financial Health and Well-Being Fund.
- In Canada, The Globe and Mail Business for the Arts Award
- Sun Life named Child-Friendly Company in the PhilippinesPhilippinesThe Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
- Sun Life’s Hong KongHong KongHong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
operations received Lipper Fund Awards - Birla Sun Life awarded Mutual Fund House of the Year for 2007 in IndiaIndiaIndia , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
- Sun Life’s Hong Kong operations named “Caring Company” for sustainable commitment in good corporate citizenship.
- Top 50 Best Companies to Work For in IrelandIrelandIreland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
- The Canadian Heart and Stroke Foundation’s "Restart a Heart, Restart a Life Campaign"
- ORBISOrbisOrbis may refer to:* Orbis , a Doctor Who audio play, starring Paul McGann and Sheridan Smith* Orbis , a quarterly journal of international affairs published by the Foreign Policy Research Institute...
Canada’s India Childhood Blindness Initiative - Canada’s National Ballet School
- Canadian Hearing Society’s Doctor Referral Program
- Vancouver International Children’s Festival’s Adopt a Class program
- West Park Healthcare Centre’s Spasticity Program
- Segal Centre for Performing Arts at the Saidye
- University of New BrunswickUniversity of New BrunswickThe University of New Brunswick is a Canadian university located in the province of New Brunswick. UNB is the oldest English language university in Canada and among the first public universities in North America. The university has two main campuses: the original campus founded in 1785 in...
and Sun Life Financial Fitness and Lifestyle Assessment Centre - Saint Elizabeth Health Care’s First NationsFirst NationsFirst Nations is a term that collectively refers to various Aboriginal peoples in Canada who are neither Inuit nor Métis. There are currently over 630 recognised First Nations governments or bands spread across Canada, roughly half of which are in the provinces of Ontario and British Columbia. The...
communities program - Montreal Heart InstituteMontreal Heart InstituteThe Montreal Heart Institute , in Montreal, Quebec, is a specialty hospital dedicated to the development of cardiology. Founded in 1954 by Paul David, it is currently affiliated with the Université de Montréal....
- Toronto's Soulpepper Theatre CompanySoulpepper Theatre CompanySoulpepper Theatre Company is a Toronto, Ontario-based theatre company dedicated to presenting classic plays.-History:Soulpepper was founded in 1998 by twelve Toronto artists who dreamed of a company that would produce lesser known theatrical classics. Soulpepper has since become an important part...
Rush Program - Disaster relief work in China
- One Nigh Live in support of Sunnybrook Foundation
Sun Life is also the name sponsor of Sun Life Stadium in Miami Gardens
Miami Gardens, Florida
Miami Gardens is a Miami suburban city located in Miami-Dade County, Florida. The city name comes from one of the major roadways through the area, Miami Gardens Drive. According to the 2010 U.S...
, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
, home of the Miami Dolphins
Miami Dolphins
The Miami Dolphins are a Professional football team based in the Miami metropolitan area in Florida. The team is part of the Eastern Division of the American Football Conference in the National Football League...
football
American football
American football is a sport played between two teams of eleven with the objective of scoring points by advancing the ball into the opposing team's end zone. Known in the United States simply as football, it may also be referred to informally as gridiron football. The ball can be advanced by...
team (NFL
National Football League
The National Football League is the highest level of professional American football in the United States, and is considered the top professional American football league in the world. It was formed by eleven teams in 1920 as the American Professional Football Association, with the league changing...
), the University of Miami
University of Miami
The University of Miami is a private, non-sectarian university founded in 1925 with its main campus in Coral Gables, Florida, a medical campus in Miami city proper at Civic Center, and an oceanographic research facility on Virginia Key., the university currently enrolls 15,629 students in 12...
Hurricanes
Miami Hurricanes football
The Miami Hurricanes football program competes in the Atlantic Coast Conference of the NCAA's Division I Football Bowl Subdivision for the University of Miami. The program began in 1926 and has won five AP national championships...
football team (NCAA
National Collegiate Athletic Association
The National Collegiate Athletic Association is a semi-voluntary association of 1,281 institutions, conferences, organizations and individuals that organizes the athletic programs of many colleges and universities in the United States...
), the annual Orange Bowl
Orange Bowl
The Orange Bowl is an annual American college football bowl game played at Sun Life Stadium in Miami Gardens, Florida. It has been played annually since January 1, 1935 and celebrated its 75th playing on January 1, 2009...
college football
College football
College football refers to American football played by teams of student athletes fielded by American universities, colleges, and military academies, or Canadian football played by teams of student athletes fielded by Canadian universities...
bowl game
Bowl game
In North America, a bowl game is commonly considered to refer to one of a number of post-season college football games. Prior to 2002, bowl game statistics were not included in players' career totals and the games were mostly considered to be exhibition games involving a payout to participating...
, and until 2012, the Miami Marlins baseball
Baseball
Baseball is a bat-and-ball sport played between two teams of nine players each. The aim is to score runs by hitting a thrown ball with a bat and touching a series of four bases arranged at the corners of a ninety-foot diamond...
team (MLB
Major League Baseball
Major League Baseball is the highest level of professional baseball in the United States and Canada, consisting of teams that play in the National League and the American League...
– National League
National League
The National League of Professional Baseball Clubs, known simply as the National League , is the older of two leagues constituting Major League Baseball, and the world's oldest extant professional team sports league. Founded on February 2, 1876, to replace the National Association of Professional...
).
Corporate governance
Current members of the board of directorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of Sun Life Financial are:
- Ronald W. Osborne, FCA (Chairman)
- George W. Carmany, III
- John H. Clappison, FCA
- David A. Ganong, C.M.David A. GanongDavid A. Ganong, is the former president and current Chairman of the Board of Ganong Bros., the oldest chocolate manufacturing company in Canada. He graduated with a BA degree from the University of New Brunswick in 1965 then earned his MBA degree University of Western Ontario.In 1977 he replaced...
- Krystyna T. Hoeg, CA
- William D. Anderson, CA
- Martin J. G. Glynn
- Jon A. Boscia
- Dean A. Connor
- David W. Kerr, CA
- Idalene F. Kesner
- Mitchell M. Merin
- Bertin F. Nadeau
- Hon. Hugh D. Segal, CMHugh SegalHugh Segal, CM is a Canadian senator, political strategist, author, and commentator. Segal is credited with helping Stephen Harper become Prime Minister by moderating his image.-Life and career:...
- Donald A. Stewart
- James H. Sutcliffe, FIA
- Richard H. Booth