Canadian insurer Sun Life Financial Inc. (SLF) is soliciting bids for a U.S. annuities unit that may fetch more than $1 billion, Bloomberg reported Wednesday, citing people with knowledge of the matter.

Morgan Stanley (MS) is reportedly advising Sun Life and interest has been drawn primarily from investment firms including Guggenheim Partners LLC and a company run by U.K. investor Clive Cowdery, the report said.

Full story at http://www.bloomberg.com/news/2012-10-24/sun-life-said-to-seek-buyer-for-u-s-annuities-unit.html

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