Sun Life Agrees to Buy Genworth's Group Benefits Business

Scotia Capital, 12 January 2007� This definitely appears to be a low-risk deal, as Rick McKenney, SLF's CFO and formerly Genworth's CFO, knows the business and knows the people. Also, Genworth's operations are fairly close to SLF's US headquarters (just a 2 hour drive) which further limits integration risk. With over 65% of the business overlapping,