Sun Life Financial Inc. is close to sealing an insurance partnership with Hong Kong banking group Dah Sing Financial Holdings Ltd., according to people familiar with the matter.
The Canadian insurer has emerged as the likeliest partner for Dah Sing after beating out rival bidders, the people said, asking not to be identified because the matter is private. The so-called bancassurance agreement could be valued at about $200 million, the people said.
