Sun Life Financial

Sun Life Financial, founded in 1865 and headquartered in Toronto, Canada, is a prominent insurance company that offers a diverse range of products, including life, health, dental, and disability insurance, as well as education savings, medical insurance, retirement planning services, and annuities. As part of its asset management division, Sun Life Global Investments manages a variety of equity and fixed income mutual funds, providing high-quality investment solutions to Canadian investors. The company operates not only in Canada but also in the United States, the United Kingdom, and various Asian markets, including Hong Kong, the Philippines, and India. Sun Life Financial focuses on enhancing its distribution capabilities and aims to expand its offerings through strategic acquisitions, targeting institutional investors seeking alternative asset classes. Its long-standing relationships with major employers and commitment to innovative technology further support its mission to provide financial security to millions of clients.

Thomas Clulow

Senior Vice President, Corporate Development

Tim Deacon

Executive Vice President and CFO

Chris Denys

Senior Vice President of Possibilities, Lumino Health

Christopher Wei

Executive Vice President, Chief Client and Innovation Officer

Past deals in Life and Health Insurance

Bowtie Life Insurance Company Limited is a virtual insurer based in Kwun Tong, Hong Kong, established in 2017. The company specializes in providing life and medical insurance plans, particularly through its commission-free Voluntary Health Insurance Scheme (VHIS) Standard Plan. Bowtie leverages technology to deliver a fully digital insurance experience that eliminates traditional practices such as paperwork and commissions, thereby enhancing transparency and efficiency for customers. Backed by Sun Life and prominent international investors, Bowtie adheres to the same rigorous standards expected of traditional insurers, ensuring reliable service for its clientele.

DentaQuest

Acquisition in 2021
DentaQuest Group, Inc. is a Boston-based company that specializes in dental benefits administration and management solutions, serving over 30 million members across the United States. Founded in 2001, DentaQuest offers a comprehensive range of services, including managed dental and vision benefits, as well as direct care through a growing network of clinics. The company aims to improve oral health and hygiene while managing costs, providing outcomes-based and cost-effective dental services to various populations, including Medicaid and CHIP, Medicare Advantage, and both small and large businesses. By focusing on affordable access to dental healthcare, DentaQuest plays a pivotal role in enhancing the overall health of its clients.

Collective Health

Series F in 2021
Collective Health offers a cloud-based platform that transforms how self-insured employers manage health benefits. This integrated system allows companies to administer various health plans through a single portal, providing employees with clear guidance, live concierge support, and digital tools to navigate their healthcare options. By focusing on a smarter alternative to traditional health insurance, Collective Health aims to enhance the value of healthcare investments while improving employee care. The company has experienced significant growth in the employer-sponsored insurance market, currently covering 70,000 employee and dependent lives across 15 employers, including notable clients such as Activision Blizzard, Crossfit, eBay, Palantir, and Red Bull.
Bowtie Life Insurance Company Limited is a virtual insurer based in Kwun Tong, Hong Kong, established in 2017. The company specializes in providing life and medical insurance plans, particularly through its commission-free Voluntary Health Insurance Scheme (VHIS) Standard Plan. Bowtie leverages technology to deliver a fully digital insurance experience that eliminates traditional practices such as paperwork and commissions, thereby enhancing transparency and efficiency for customers. Backed by Sun Life and prominent international investors, Bowtie adheres to the same rigorous standards expected of traditional insurers, ensuring reliable service for its clientele.

Maxwell Health

Acquisition in 2018
Maxwell Health offers a software-as-a-service platform that simplifies employee benefits and human resources for small to mid-sized employers. Founded in 2012 and headquartered in New York, with an additional office in Cambridge, Massachusetts, the company provides a comprehensive online service that includes information on various insurance products such as medical, dental, vision, and life insurance, as well as tools for benefits administration, payroll, and COBRA management. The platform features an intuitive marketplace that streamlines the process of purchasing benefits for employees and includes a mobile application for easy access. Maxwell Health aims to enhance the experience of insurance, financial, and wellness benefits for American families, leveraging its technology through partnerships with benefits advisors and insurance companies. In June 2018, Maxwell Health became a subsidiary of Sun Life Financial United States.

Collective Health

Series D in 2018
Collective Health offers a cloud-based platform that transforms how self-insured employers manage health benefits. This integrated system allows companies to administer various health plans through a single portal, providing employees with clear guidance, live concierge support, and digital tools to navigate their healthcare options. By focusing on a smarter alternative to traditional health insurance, Collective Health aims to enhance the value of healthcare investments while improving employee care. The company has experienced significant growth in the employer-sponsored insurance market, currently covering 70,000 employee and dependent lives across 15 employers, including notable clients such as Activision Blizzard, Crossfit, eBay, Palantir, and Red Bull.

Maxwell Health

Series C in 2016
Maxwell Health offers a software-as-a-service platform that simplifies employee benefits and human resources for small to mid-sized employers. Founded in 2012 and headquartered in New York, with an additional office in Cambridge, Massachusetts, the company provides a comprehensive online service that includes information on various insurance products such as medical, dental, vision, and life insurance, as well as tools for benefits administration, payroll, and COBRA management. The platform features an intuitive marketplace that streamlines the process of purchasing benefits for employees and includes a mobile application for easy access. Maxwell Health aims to enhance the experience of insurance, financial, and wellness benefits for American families, leveraging its technology through partnerships with benefits advisors and insurance companies. In June 2018, Maxwell Health became a subsidiary of Sun Life Financial United States.

Assurant Employee Benefits

Acquisition in 2016
Assurant Employee Benefits, a part of Assurant, Inc.(NYSE: AIZ), is a provider of employee benefit insurance products. The company offers a wide range of employer-paid and employee-paid (voluntary) products, tailor-made for small to mid-size businesses including disability, life and AD&D, dental and reinsurance management services.

Ryan Labs Asset Management

Acquisition in 2015
Ryan Labs Asset Management Inc. is a privately owned investment manager based in New York, specializing in fixed income portfolio management for institutional clients. Founded in 1998, the firm caters to a diverse range of entities, including pension plans, foundations, endowments, hospitals, municipalities, and insurance companies. Ryan Labs focuses on creating tailored fixed income portfolios that align with the specific duration needs of its clients, utilizing a disciplined investment approach that combines fundamental and quantitative analysis. The firm is known for its innovative strategies, including Liability Driven Investing (LDI) managed against custom liability indexes. Ryan Labs was a pioneer in the industry, being the first asset manager to create a bond portfolio aligned with daily Custom Liability Indexes. As of 2015, it operates as a subsidiary of Sun Life Investment Management Inc.
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