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Sun Life Financial president and CEO Dean Connor
Sun Life Financial president and CEO Dean Connor
(MARK BLINCH/REUTERS)

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Sun Life builds relationships in Southeast Asian market

For Canadian insurer Sun Life Financial Inc., part of the appeal of pushing into a seventh Asian market came from the prospect of developing its relationships in the region, according to the company’s chief executive, Dean Connor.

Sun Life said Thursday it will acquire a Malaysian insurance business through a joint partnership, making it one of several global insurers that have recently made moves to capitalize on Asia’s swift economic growth and its people’s increasing rate of savings.