ADVFN - Advanced Financial Network.
HOME» NYSE » S » SLF Stock Price » SLF Stock News

Sun Life Share News

 Sun Life Financial Stock Price
SLF Stock Price
 Sun Life Financial Stock Chart
SLF Stock Chart
 Sun Life Financial Stock News
SLF Stock News
 Sun Life Financial Company Information
SLF Company Information
 Sun Life Financial Stock Trades
SLF Stock Trades

Aegon Revamps Loss-Making Asian Businesses

By Maarten van Tartwijk Of DOW JONES NEWSWIRES AMSTERDAM -(Dow Jones)- Dutch life insurance and pension company Aegon NV (AGN.AE), which generates the bulk of its earnings in mature markets in the U.S. and Europe, will reorganize its loss-making operations in Asia to benefit more from high growth prospects in the region. At an investor conference in New York, Aegon said late Tuesday its businesses in Asia will be combined in headquarters in Hong Kong, making the operations better placed to grow organically. Douglas Henck, who previously held several positions in Asia at American International Group Inc (AIG) and Sun Life Financial Inc (SLF), has been named chief executive of the new unit, the company said. Aegon, which is restructuring its U.K. operations and last week said it would cut 5% of its workforce in the U.S., said the new plans for Asia underscore its strategy to achieve a "greater geographical balance." The revamp comes as many of Europe's insurers are looking to expand in Asia, where demand is growing at a fast pace as wealthier consumers are shifting savings from cash to insurance and investment products. However, Aegon's operations in the region represent only a small fraction of its total business and have made losses in recent quarters, mainly because of higher costs related to investments in joint-ventures in China, India and Japan. By 2012, Aegon aims to allocate 50% of its capital to operations outside the U.S., where it generates the bulk of its earnings through its Transamerica operation. The main portion will go to emerging markets in Central and Eastern Europe, Latin America and Asia. Aegon shares closed at EUR4.47 Tuesday. -By Maarten van Tartwijk, Dow Jones Newswires; +31 20 571 5201;

Stock News for Sun Life (SLF)
11/19/201416:49:44Life Agent's Career Highlights Changes in Industry
02/06/201414:30:28Sun Life Launches New Asset-Management Business
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Eliminations
04/11/201313:10:04Hartford Declares Run-Off Unit 'Self-Sufficient"
03/04/201307:10:05AXA Targets Asia to Boost Growth
12/17/201209:30:08Sun Life to Sell U.S. Annuity Business for $1.35 Billion
10/24/201210:46:34Sun Life Seeking Buyer for U.S. Annuities Unit -Bloomberg
10/03/201213:04:11Policymakers Need to Manage Impact of Low Rates, Sun Life CEO...
09/25/201220:20:19Aviva, CIMB Seek Binding Bids To Sell Malaysia Insurance JV:...
08/14/201211:27:12MFS Raises its Stake In France's Legrand Above 10%
07/09/201222:40:14Aviva Shortlists Prudential, Manulife for Malaysia Sale
07/09/201222:32:33Aviva Shortlists Prudential, Manulife for Malaysia Sale: Sources...
05/15/201211:09:24Sun Life Financial Plans Sale Of UK Business For Around GBP1...
10/25/201110:05:23Sun Life CIO: US Fed "Powerless" To Stimulate Economy
07/06/201118:06:40CNO Financial CEO To Resign; Succeeded By CFO Bonach
12/08/201002:39:02Aegon Revamps Loss-Making Asian Businesses
11/17/201020:06:12RIM's PlayBook Drawing Interest From Corporate Community
11/03/201018:21:27Sun Life, Industrial Alliance Beat 3Q Expectations
11/03/201012:28:27Pittsburgh Faces Deadline To Avert Takeover Of Pension Plan
11/02/201018:38:49CORRECT: Canada's Life Insurers Seen Posting Mixed 3Q Results

Sun Life Financial and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations