Sun Life and Eckler Ltd. announce $176 million annuity deal with Corby Spirit and Wine Limited, and Hiram Walker & Sons Limited
December 07, 2020
Amidst volatile markets caused by the COVID-19 pandemic, Sun Life, in consultation with Eckler Ltd., secured a $176 million annuity buy-in – the largest Canadian de-risking transaction in the first half of 2020. The deal is with Corby Spirit and Wine Limited ("Corby") and Hiram Walker & Sons Limited ("Hiram Walker"), manufacturers and marketers of spirits and wines. Hiram Walker, Corby's majority shareholder, is a wholly-owned Canadian subsidiary of international spirits and wine company Pernod Ricard S.A., which is headquartered in Paris, France.
