(Bloomberg) — Sun Life Financial Inc. (TSX:SLF) is in talks to buy Assurant Inc.'s employee benefits unit, people with knowledge of the matter said.
A deal valuing the unit at as much as $900 million could be announced within two weeks, said the people, who asked not to be identified because the matter is private. A sale hasn't been finalized and the talks could still fall apart, they said.
Assurant (NYSE:AIZ), based in New York, said in April that it was working with Barclays PLC to find buyers for the division as it seeks to narrow its focus. The assets for sale include life, disability, dental, vision and other types of insurance that people acquire through their employer.
