Leadership transition in the U.S.
Alongside the earnings, Sun Life announced a leadership handover for its American business. David Healy, current head of the U.S. dental division, will become president of Sun Life U.S. effective September 1, succeeding long-serving executive Dan Fishbein, M.D., who will retire in March 2026 after a transition period.
Mr. Healy, a veteran of the company, previously led the group benefits business and oversaw the integration of Assurant Employee Benefits in 2016 and insurtech firm Maxwell Health in 2018.
The move comes at a critical juncture for Sun Life’s U.S. ambitions. As Mr. Strain put it, “Driving business and Client outcomes through digital initiatives remains one of our strategic priorities,” with investments in GenAI tools already yielding productivity gains across the enterprise.
Capital strength and outlook
Sun Life’s financial position remains robust. The company’s total assets under management rose 5 per cent to C$1.54-trillion, and credit ratings from AM Best were recently reaffirmed at A+ (Superior), supported by a strong balance sheet and risk management practices.
Still, investors appear wary of the near-term drag from U.S. public policy risk. With uncertainty surrounding Medicaid funding and potential legislative headwinds, Sun Life’s ability to manage claims inflation and maintain margin stability will be closely watched in the quarters ahead.
