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; [email protected]

Stock News for Sun Life (SLF)
DateTimeHeadline
01/17/201710:30:00Boston Celtics and Sun Life Financial Team Up with YMCAs throughout...
01/17/201709:01:00La Financière Sun Life au nombre des 100 sociétés les plus en...
01/17/201709:00:00Sun Life named one of the 2017 Global 100 Most Sustainable Corporations...
01/17/201709:00:00Sun Life named one of the 2017 Global 100 Most Sustainable Corporations...
01/10/201709:36:00The Give Agency et la Financière Sun Life lancent la plus grande...
01/10/201709:29:00The Give Agency and Sun Life Financial launch Toronto's biggest...
01/10/201709:13:00The Give Agency et la Financière Sun Life lancent la plus grande...
01/10/201709:10:00The Give Agency and Sun Life Financial launch Toronto's biggest...
01/05/201706:04:52Report of Foreign Issuer (6-k)
01/04/201717:00:00La Financière Sun Life annonce son intention de rembourser les...
01/04/201717:00:00Sun Life Financial Inc. announces intention to redeem Series...
01/04/201717:00:00Sun Life Financial Inc. announces intention to redeem Series...
12/20/201606:04:26Report of Foreign Issuer (6-k)
12/19/201617:00:00La Financière Sun Life fait le point sur le droit de conversion...
12/19/201617:00:00Sun Life Financial Provides Update on Conversion Privilege for...
12/19/201617:00:00Sun Life Financial Provides Update on Conversion Privilege for...
12/15/201609:07:30Report of Foreign Issuer (6-k)
12/15/201608:00:00Stephanie Coyles et Greig Woodring sont nommés au conseil d'administration...
12/15/201608:00:00Sun Life Financial appoints Stephanie Coyles and Greig Woodring...
12/15/201608:00:00Sun Life Financial appoints Stephanie Coyles and Greig Woodring...

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US