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; maarten.vantartwijk@dowjones.com

Stock News for Sun Life (SLF)
DateTimeHeadline
07/24/201517:00:00Placements mondiaux Sun Life réduit les frais de gestion applicables...
07/24/201517:00:00Sun Life Global Investments reduces management fees for Sun Life...
07/23/201510:00:00Conférence téléphonique de la Financière Sun Life sur ses rés...
07/23/201510:00:00Sun Life Financial hosts second quarter 2015 earnings conference...
07/23/201510:00:00Sun Life Financial hosts second quarter 2015 earnings conference...
07/16/201506:30:00La Financière Sun Life signe un contrat de 2 milliards de dollars...
07/16/201506:30:00Sun Life signs $2 billion deal with Board of Trustees of the...
07/09/201517:35:00A.M. Best Affirms Ratings of Sun Life Financial Inc. and Its...
06/30/201511:46:46Report of Foreign Issuer (6-k)
06/30/201508:40:09Sun Life to Acquire Prime Advisors
06/30/201508:29:42Sun Life to Acquire U.S. Investment Manager Prime Advisors
06/30/201507:58:00La Financière Sun Life fait l'acquisition du gestionnaire de...
06/30/201507:58:00Sun Life Financial to acquire investment manager Prime Advisors...
06/30/201507:58:00Sun Life Financial to acquire investment manager Prime Advisors...
06/29/201509:32:03Annual Report of Employee Stock Plans (11-k)
06/19/201515:13:21Report of Foreign Issuer (6-k)
06/19/201514:00:00La Financière Sun Life annonce les résultats du droit de conversion d...
06/19/201514:00:00Sun Life Financial Reports Results of Conversion Privilege of...
06/19/201514:00:00Sun Life Financial Reports Results of Conversion Privilege of...
06/18/201508:50:00Sun Life Financial reports on costliest catastrophic claims conditions

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad