Sun Life Ends Talks to Buy Parts of Hartford, Globe Reports
By Sean B. Pasternak
March 31, 2009
March 31 (Bloomberg) -- Sun Life Financial Inc.'s negotiations to buy parts of Hartford Financial Services Group Inc. are "currently off," the Globe and Mail reported, citing unidentified people familiar with the talks.
Sun Life President Jon Boscia told investors recently that Canada's third-largest insurer won't take any "gambles" that could compromise current capital levels, the newspaper said.
Talks between the two insurers may resume at one point, the newspaper said. Spokespeople at Sun Life and Hartford declined to comment, the Globe reported.
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