A persistent, but incorrect, rumour is that the Crown Jewels of the United Kingdom were illegally shipped out of the United Kingdom during WWII and stored there was deliberately spread in Montreal to account for increased activity at the building. In World War II, as part of Operation Fish, securities from the United Kingdom were secretly moved to the Sun Life Building for safekeeping.
Having begun its first US operations in 1895, the company sold its first group life plan in the U.S. In 1919, it was the first Canadian company to offer group life insurance. However, it now also has significant asset management operations. James Street was taller by several floors, the Sun Life Building was at the time the largest building in terms of square footage anywhere in the British Empire.Ĭhartered in 1865, its traditional base business worldwide remains life insurance. Although the head office of the Royal Bank of Canada on St. Capping a Montreal construction boom that began in the 1920s, the company completed construction of the expansion of its headquarters with its new 26-story headquarters north tower in 1933. The company's original Dominion Square building in Montreal was built in 1918. During the next five decades, the company grew and prospered, surviving the difficulties of World War I and the large drain on its finances through policy claims arising from the large number of deaths caused by the Great Flu Epidemic of 1918. By the end of the 19th century, it had expanded to Central and South America, the United States, the United Kingdom, West Indies, Japan, China, Philippines, India, North Africa and other international markets. However, operations actually began in 1871.
History Pre-World War II įounded in Montreal, Quebec, as The Sun Insurance Company of Montreal in 1865 by Matthew Hamilton Gault (1822–1887), an Irish immigrant who settled in Montreal in 1842. Sun Life ranks number 235 on the Forbes Global 2000 list for 2022. It has over $125 billion in assets under administration as of 2020. Sun Life has a presence in investment management with over CAD$1.3 trillion in assets under management operating in a number of countries. It is primarily known as a life insurance company. is a Canadian financial services company.
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