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Maritime Life Closes On Royal & Sun Life Deal

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NU Online News Service, Jan. 2, 12:19 p.m. – The Maritime Life Assurance Company, Halifax, Nova Scotia, says it has received final approval from Canadian regulators to acquire Royal & Sun Alliance Life Insurance Company of Canada from Royal & Sun Alliance Insurance Group P.L.C., London, for about $150 million.

Now that Maritime Life has completed the deal, it has a total of 2,200 employees and $9 billion in assets.