Canada's Sun Life signs C$530 million annuity deal

January 26, 2016 3:35 PM

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TORONTO Jan 26 Canadian insurer Sun Life Financial Inc signed a C$530 million ($375.59 million) annuity deal on Tuesday with two Canadian companies looking to reduce the risk on their pension plans.

Toronto-based Sun Life, which declined to disclose the names of those companies, said it was the biggest transaction of its kind in Canada.

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