MetLife removes alien status from captive
May 21, 2013 by Arthur D. Postal, Elizabeth D. Festa
Under pressure from various regulators, including New York, the National Association of Insurance Commissioners and the Federal Insurance Office, MetLife disclosed today it is removing the alien tag from its reinsurance captive.
MetLife officials said they are merging three U.S. life insurers and a Delaware-based captive reinsurer “to create a larger, well capitalized U.S. life company.”
The disclosure was made at its annual Investor’s Day presentation in New York, and in a filing with the Securities and Exchange Commission. Click here to read…
Originally Posted at LifeHealthPro on May 21, 2013 by Arthur D. Postal, Elizabeth D. Festa.
Categories: Industry Articles
