PORTLAND, Maine, Sept. 26,
2019 /PRNewswire/ -- Sun Life U.S. plans to bring more
opportunity to Portland after
signing a lease with the developer of Portland Foreside to occupy a
new building along the waterfront that will break ground in early
2020. The new state-of-the-art, high-tech space will become the hub
for Sun Life in Northern New England and house its current
Scarborough and South Portland-based workforce when complete
in mid-2022, including Sun Life subsidiary FullscopeRMS and
its Disability RMS business.
Sun Life and FullscopeRMS have more than 500 employees in
Maine who are either office-based
or working from home. Sun Life and FullscopeRMS will have capacity
at the new facility for up to 700 staff, providing the opportunity
to add up to 200 new jobs over the next several years.
"We are very excited to join the thriving downtown Portland business community," said
Dan Fishbein, M.D., president of
Sun Life U.S. "As a Maine
resident, I'm especially pleased for us to be a part of this
sustainably built development. Our new open, agile and
collaborative space at Portland Foreside will support Sun Life as
an employer of choice in the area, a recognition we've achieved in
Massachusetts as a 2018 Boston
Globe 'Top Place to Work.' Portland is an emerging innovation
hub and the top location in the world for disability insurance
talent. We plan to connect with the excellent local colleges and
universities to attract emerging talent in the care management,
data and analytics, and technology fields that are critical to
serving our clients."
"Sun Life has been a superb addition to our state's business
community, offering much-needed insurance products and helping
those who are ill or injured return to the workforce," said
Senators Susan Collins and
Angus King in a joint
statement. "Sun Life and FullscopeRMS have
already created hundreds of jobs for Mainers, and we are delighted
that this expansion will create even more employment opportunities
and contribute to downtown Portland's growth in a new, state-of-the-art
building."
Sun Life's area employees help clients across the country who
are on disability return to gainful employment, support clients on
permanent or long-term disability, and provide employee benefits
coverage and risk-management services for employers across the
nation. FullscopeRMS, built on more than 25 years of success in its
cornerstone Disability RMS business, brings deep industry
experience and risk management expertise to its insurance and
health plan clients and delivers customized, turnkey insurance and
risk-management capabilities.
"Portland is a city with a rich
pool of talent and an emerging technology sector, and Sun Life will
make a great addition to our growing business community," said
Jon Jennings, Portland City Manager. "The City, in
partnership with our business community, is dedicated to fostering
a forward-thinking culture, and developing Portland into an innovation hub. We're proud
that Sun Life has been in the Greater
Portland area for a few years and Disability RMS for 25
years, and are excited to watch them grow in their new location
here in downtown Portland."
The new building at 58 Fore Street will feature prominent Sun
Life and FullscopeRMS branding in a burgeoning area set to become a
premier destination for retail, dining, hospitality and
entertainment. Sun Life and FullscopeRMS will lease a total of
77,000 square feet in the four-story building, which will have
retail space on the ground floor, three floors of office space and
parking.
"We are thrilled to have Sun Life on board as a major business
presence in this new waterfront neighborhood," said Casey Prentice, Managing Partner at Portland
Foreside. "Sun Life is a leader in its industry and a
well-established brand that will complement the other businesses we
are working with for this 100,000 square-foot office building. As
part of the first phase of Portland Foreside's urban mixed-use
development, Sun Life's employees will join a diverse mix of
offerings -- including a new public market, world-class hospitality
by Fore Points Marina and a boutique hotel plus an eclectic blend
of residential apartments and townhomes in keeping with
Portland's charm and
character."
The new development will also feature a new public park at the
waterfront. "We applaud the developers of Portland Foreside and The
City of Portland for the work they
did together with the State of
Maine and other stakeholders to ensure that the space in
front of our building will become a public promenade and park,
opening up and guaranteeing access to the waterfront," said
Fishbein. "We look forward to joining what will be a vibrant
public space for all to enjoy."
Sun Life's Center for Healthy Work will be a highlight of the
new office where clients and brokers can experience the company's
"Work is Healthy," or WisH, philosophy – the belief that someone
working is healthier for them, their family and society as a whole.
Sun Life's vocational rehabilitation experts, nurses, social
workers and case managers team up to help people who are out of
work due to illness or injury regain their sense of selves by
resuming employment either in their own professions or new
ones.
About Sun Life
Sun Life is a leading international
financial services organization providing insurance, wealth and
asset management solutions to individual and corporate Clients. Sun
Life has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30,
2019, Sun Life had total assets under management of
C$1,025 billion. For more
information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
In the United States, Sun Life
is one of the largest group benefits providers, serving more than
60,000 employers in small, medium and large workplaces across the
country. Sun Life's broad portfolio of insurance products and
services in the U.S. includes disability, absence management, life,
dental, vision, voluntary and medical stop-loss. Sun Life and its
affiliates in asset management businesses in the U.S. employ
approximately 5,500 people. Group insurance policies are issued by
Sun Life Assurance Company of Canada (Wellesley
Hills, Mass.), except in New
York, where policies are issued by Sun Life and Health
Insurance Company (U.S.) (Lansing,
Mich.). For more information, please visit
www.sunlife.com/us.
Media contacts:
Devon
Fernald, Sun Life U.S.
781-800-3609 or
Devon.Portney.Fernald@sunlife.com
Portland Foreside
info@portlandforeside.com
Connect with Sun Life U.S.
https://www.facebook.com/SLFCanada
https://www.linkedin.com/company/sun-life-financial
https://twitter.com/SunLifeCA
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SOURCE Sun Life U.S.