MetLife Makes Exec Change in Wake of Annuity Charge

April 2, 2018 by Cyril Tuohy

Marlene Debel, CFO for MetLife, has been appointed to lead the company’s Retirement & Income Solutions business, the company said.

The move comes after MetLife in February announced it would take a pre-tax charge of $510 million related to its group annuity business to compensate for unpaid benefits to about 13,500 group annuitants going back many years.

Debel replaces Robin Lenna, who retired March 1 after leading the Retirement & Income Solutions unit for 12 years, a MetLife spokeswoman said.

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Originally Posted at InsuranceNewsNet on April 2, 2018 by Cyril Tuohy.