CORRECTED-BRIEF-SCOR Global Life enters into longevity insurance transaction with Sun Life

Wed Mar 4, 2015 2:42am EST
 
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(Corrects date of announcement to Tuesday)

March 4 (Reuters) - Scor SE :

* Said on Tuesday SCOR Global Life has entered into a longevity insurance transaction with Sun Life Assurance Company of Canada (Sun Life)

* The transaction covers benefits in payment for pensioners who are members of the Bell Canada (BCE Inc) pension plan

* The risk of these members living longer is transferred from BCE Inc`s pension scheme to Sun Life and two reinsurers

* The associated liabilities are approximately C$ 5 billion

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