'Brains, humility and hard work'

Article Abstract:

Sun Life Financial of Canada has made a $6.8 billion acquisition bid for rival Waterloo, Ont.-based Clarica Life Insurance Co. Sun Life Financial of Canada, which is led by chairman Donald Stewart, would turn Clarica into one of its divisions following the merger.

Asset sales & divestitures, Acquisitions & mergers, Mergers, acquisitions and divestments, Clarica Life Insurance Co., Sun Life Financial of Canada

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Stiffer rules face insurers that sell segregated funds

Article Abstract:

Canada's Office of the Superintendent of Financial Institutions will revise rules for the life insurance industry. The government agency will impose tighter regulations for Canadian life insurance companies selling segregated funds.

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OSFI targets offshore accounts

Article Abstract:

Canada's Office of the Superintendent of Financial Institutions is ready to introduce new guidelines for the banking industry. The new rules would require that the identity of secret customers be revealed by banking institutions.

Legal issues & crime, Government regulation, Legal/Government Regulation, Banking industry

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