US Regulators Eyeing PE Buy of Sun Life’s Annuity Business – Reuters

New York State regulators are considering whether to let insurers with links to private equity firms buy annuity businesses reports Reuters, citing sources “familiar with the matter.” One of the two acquisitions under review is the US$1.35 billion purchase by Guggenheim PartnersDelaware Life Holdings LLC affiliate of the U.S. annuity business of Canadian life insurer Sun Life Financial Inc. The deal was announced in December 2012. The Reuters story notes that imposition of regulatory requirements “could reduce the attractiveness of such deals for buyout firms.”

For further information about Sun Life Financial Inc., please visit the company’s website.

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