The initial shareholders invest $50,000 in cash The company s name changes to the Sun Life Assurance Company of Canada Sun Life begins operations in the U.K. Unfavourable economic conditions interrupt plans to move forward with the new enterprise With economic conditions improved, the Sun Mutual Life Insurance Company of Montreal commences business. ģ Historical timeline 1865 A charter to form the company is granted. You can view our video at which brings to life nearly 150 years of our company s past in just 10 minutes. Our rich history is also the foundation that drives our growth today and for the future. Ģ Today Today, we at Sun Life Financial take great pride in our Canadian heritage and the international growth that has enabled us to touch the lives of millions of people around the world. On a winter afternoon on March 18, 1865, he and a group of business contemporaries celebrated the first milestone of our long history approval from the parliament of the day to incorporate a company to conduct the business of insurance. Mathew Hamilton Gault, a leading businessman and pillar of Montreal society, had a dream of creating an insurance company that would contribute to the economic growth and prosperity in the newly forming Canada.
1 History of Sun Life Financial It was the 1860s.
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