Sun Life suspends endowment mortgage business in U.K

Article Abstract:

Toronto, Ont.-based Sun Life Assurance Company of Canada has announced that it will temporarily withdraw from United Kingdom's long-term endowment mortgage industry. Sun Life, which will return to the endowment mortgage business by the summer, has been hurt by declining economic conditions in the United Kingdom.

Strategy & planning, United Kingdom, Management, Sun Life Assurance Company of Canada

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London Life customer sues to reclaim $180-million

Article Abstract:

Ontario-based London Life Insurance Co. and Great-West Lifeco Inc. are being sued by a London Life policy holder who is seeking $180 million in damages. London Life, which was acquired by Great-West Lifeco in 1997, has been accused of financial mismanagement in relation to the merger.

Great-West Lifeco Inc.

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Insurer signs 'vanishing premium' deal

Article Abstract:

London Life Insurance Co. settles a deal worth $180 million, over issued 'vanishing premium' policies with disgruntled clients.

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