Sun Life Financial Wins Second Consecutive LOMA Educational Achievement Award.WELLESLEY, Mass. -- For the second consecutive year, the U.S. division of Sun Life Financial (NYSE NYSE
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SLF Saalfeld , TSX: SLF) has won the Life Office Management Association (LOMA lo´ma
n. 1. (Zool.) A lobe; a membranous fringe or flap. ) Educational Achievement Award. Over 1,200 companies worldwide were eligible for this award, and Sun Life is one of only 15 to be recognized for its educational efforts. The company was honored in both the global and regional (U.S. & Canada) categories.
The LOMA Educational Achievement Award recognizes the top financial services companies and their employees with the highest participation levels in LOMA's learning and development programs, based on total exam enrollments during the previous year. The winners all have established a corporate culture that encourages employee involvement in financial services education and recognizes employees for their proactive learning initiatives.
The Life Office Management Association was founded in 1924 and promotes research and educational activities to improve operations in financial services companies around the world. LOMA's programs educate professionals in areas such as life insurance, financial services, annuities, management, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , compliance and underwriting.
"Educating our employees is one of our top priorities at Sun Life, and we have long encouraged participation in LOMA programs and certifications," said Bob Salipante, President of the U.S. division of Sun Life Financial. "Ongoing employee education is critical to Sun Life's reputation and customer service. We're extremely honored to again win this prestigious award."
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of June 30, 2006, The Sun Life Financial group of companies had total assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. of US$346.7 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE PSE
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