Is SunLife now Axa?

Asked by: Meggie Goldner  |  Last update: February 11, 2022
Score: 4.8/5 (34 votes)

AXA has today completed the sale of two of its businesses – SunLife and Elevate. SunLife, the over-50s specialist insurer, is now part of the Phoenix Group, and AXA's Elevate adviser platform has been acquired by Standard Life.

Is SunLife part of AXA?

In May 2000, Axa acquired all shares it did not already own in the company. The business was renamed Axa Sun Life Direct, and then Sun Life Direct in 2009. Axa sold its main life assurance business to Resolution Group in 2010 and continued to sell life insurance products through Sun Life Direct.

What happened to Axa SunLife?

France's Axa has sold its UK investment, pensions and insurance businesses, including SunLife, to UK insurer Phoenix in a £375m deal. The deal will transfer £12.3bn of assets under management and more than 910,000 policies to Phoenix.

Who owns SunLife?

Established in 1994, BSLAMC has been a joint venture between the Aditya Birla Group and Sun Life since 1999. With more than $34 billion U.S. in assets under management as of 2017, Aditya Birla Sun Life Asset Management Company is one of the largest asset managers in India.

Who took over AXA insurance?

HSBC Insurance (Asia-Pacific) Holdings Ltd, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has entered into an agreement to acquire 100% of the issued share capital of AXA Insurance Pte Limited (AXA Singapore) for US$575m.


28 related questions found

What happened to AXA?

In 1991, French insurance firm AXA acquired majority control of The Equitable. In 2004, the company officially changed its name to AXA Equitable Life Insurance Company. ... In January 2020, it changed its name to Equitable Holdings, Inc. following its spinoff from AXA and the related public offerings beginning in May 2018.

Is AXA and AIA the same?

AXA scored higher in 6 areas: Overall Rating, Work-life balance, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook. AIA scored higher in 2 areas: Career Opportunities and Compensation & Benefits. Both tied in 1 area: Senior Management.

What is Sunlife called now?

To mark our new beginning, we adopt the brand name Sun Life Financial and a new corporate logo that combines the sun and the earth. In December, Sun Life Financial and Clarica Life Insurance Company announce an agreement to combine operations in a landmark transaction to create a powerhouse in the Canadian marketplace.

Did Sun Life become Aviva?

Sun Life Assurance was acquired by the AXA Group in 1997; AXA's UK life business subsequently became part of the Friends Life Group in 2011, which was acquired by Aviva in 2015.

Did Canada buy Sunlife?

Group #1: The Big 3

Manulife acquired Standard Life and Maritime Life in Canada, and John Hancock in the U.S., where it operates under that brand. Sun Life Financial acquired Clarica Life Insurance. Great-West Life Assurance Company made two significant acquisitions – London Life Insurance and Canada Life Insurance.

What happened to AXA pensions?

AXA is now administered by Aviva.

Who took over Winterthur pensions?

AXA acquires Winterthur Life for £5.9bn.

Is AXA and Aviva the same company?

“AXA XL has invested in and developed an established and market-leading UK private clients team over the past several years; however, as part of a strategic realignment, we have decided to sell that part of our business to Aviva,” it said in the statement sent to Insurance Business.

Are LV and Aviva the same company?

As the insurer's head of rebrand communications she was the general insurance lead for its rebrand from Norwich Union to Aviva. “I'm thrilled to be joining LV=,” commented Smith. “In recent years LV= has certainly made its mark in terms of providing quality products that best serve the customer's needs.

Who owns LV car insurance?

In 2017 we became the LV= General Insurance Group (LVGIG) and announced a Strategic Partnership with Allianz Holdings PLC which completed in December 2019. Allianz are now our sole shareholder and we have separated from the Friendly Society.

Does Norwich Union still exist?

The Norwich Union name was retained for the long-term savings and general insurance businesses in the UK. Today Norwich Union remains a significant employer in Norwich, with approximately 6,500 staff servicing its UK life and general insurance operations. It is the headquarters for the UK general insurance business.

Is Friends Life now Aviva?

Friends Life Group Limited was a Guernsey-incorporated investment vehicle which had the stated intent of forcing consolidation in the British life insurance industry. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. It was acquired by Aviva on 13 April 2015.

When did Sun Life Buy Clarica?

Clarica was subsequently acquired by Sun Life in May 2002.

Are breast pumps covered by Sun Life?

DH's insurance (SunLife) will cover 80% of a breast pump with a prescription that details a medical need for BOTH mother and baby.

Is AIA a Chinese company?

AIA Group Limited, known as AIA (友邦保險), is an American-founded Hong Kong multinational insurance and finance corporation. It is the largest public listed life insurance and securities group in Asia-Pacific.

Is AIA owned by AIG?

HONG KONG, 18 December 2012 – AIA Group Limited (“AIA” or the “Company”) has been informed today by American International Group Inc. (“AIG”) that AIG has entered into a placing agreement to sell all of its ordinary shares of AIA at a price of HK$30.30 per share.

Which insurance company is best in Singapore?

8 Best Insurance Companies in Singapore [2022]
  • Insurance Singapore.
  • NTUC Income - Insurance Singapore.
  • Prudential - Insurance Singapore.
  • Liberty Insurance Singapore - Insurance Singapore.
  • Allianz - Insurance Singapore.
  • AXA - Insurance Singapore.
  • Aviva - Insurance Singapore.
  • Great Eastern Holdings Limited - Insurance Singapore.