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Sun Life Financial is in discussion to purchase Assurant’s employee benefits division, reports Bloomberg News.
The deal would value the unit at US$900 milllion.
In April, New York City-based Assurant said it was “exploring strategic alternatives for its employee benefits and health business segments, including the sale of each business.”
Read: Sun Life to acquire Prime Advisors
The employee benefits serves more than 30,000 small and mid-sized employers in the United States.
For more on the story, visit Bloomberg News’ website.
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