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Sun Life Sells Reinsurance Business To Berkshire


Parsad
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Sun Life's reinsurance business has 70 employees in offices in Canada, the U.S. and Ireland. The unit assumes risks from life reinsurers and has life insurance in-force of $113-billion.

 

113 billion in float is a huge amount - not sure the terms of the transaction...

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Sun Life's reinsurance business has 70 employees in offices in Canada, the U.S. and Ireland. The unit assumes risks from life reinsurers and has life insurance in-force of $113-billion.

 

113 billion in float is a huge amount - not sure the terms of the transaction...

 

Life insurance in-force does not equal float. Life insurance in-force is the face amount of all outstanding policies plus dividends. Float is a small fraction of $113 billion.

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Life insurance in-force does not equal float. Life insurance in-force is the face amount of all outstanding policies plus dividends. Float is a small fraction of $113 billion.

 

You are right - the float here is likely a small amount probably in the low single billions like the equitas deal.

 

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