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- Unity Life, MetLife Canada complete sale
Unity Life, MetLife Canada complete sale
- By ILS corp
- Published 11/16/2009
- ILSTV Stories
- Unrated
Unity Life of Canada, a Foresters company, has completed its acquisition of the insurance business of MetLife Canada.
Under the agreement, which was announced on May 13, 2009, Unity Life has acquired nearly 100,000 life and health insurance policies from MetLife Canada, as well as a small number of group annuity contracts.
The transaction, which includes policy liabilities of approximately $300 million and related assets, was completed effective October 30, 2009, following receipt of required approvals from Canadian and U.S. regulatory authorities.

