NU Online News Service, Dec. 30, 3:04 p.m. – Sun Life Financial Services of Canada Inc., Toronto, says its Sun Life Assurance Company of Canada unit will officially amalgamate with Clarica Life Insurance Company, Waterloo, Ontario, Dec. 31.

Sun Life Financial has received all the regulatory approvals it needs to complete the amalgamation, and shareholders of both companies voted in favor of the move Nov. 27.

Sun Life Financial first announced plans to acquire Clarica through a $5 billion stock swap in December 2001.