Sun Life Financial shifts focus to organic growth for 2013

Canadian insurer Sun Life Financial, which has made several high-profile acquisitions in recent years, plans to focus on organic growth this year.

Roger Steel, chief executive of Sun Life Hong Kong, said the insurer's Hong Kong sales force would be raised to 1,400 by the end of this year, up from 1,200. In addition, it would continue to sell its products through brokers and banking partners.

Despite the focus on organic growth, Sun Life would not rule out mergers and acquisitions if good opportunities arose, Steel said.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1137348/sun-life-financial-shifts-focus-organic-growth-2013