Sun Life has completed the acquisition of Genworth Financial’s U.S. employee benefits group.

That follows approval by all required regulatory authorities in the United States and the Office of the Superintendent of Financial Institutions in Canada.

Its U.S. group business, combined with Genworth’s group, becomes Sun Life Financial Employee Benefits Group, offering customers group life, disability, dental and stop-loss insurance.

The acquired business complements Sun Life’s group business platform and increases the company’s market share across its U.S. group lines of business.

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