- More than a year ago, MetLife (NYSE:MET) announced it would merge three life insurance subsidiaries with an offshore reinsurance subsidiary as part of a larger effort improve the risk profile and transparency of the variable annuity business.
- The merged company - which includes MetLife Insurance of Connecticut, MetLife Investors USA, MetLife Investors Insurance, and Exeter Reinsurance - has been named MetLife Insurance Company U.S.A. and is domiciled in Delaware.
- Source: Press Release
MetLife completes regulatory-related merger
This was corrected on 06/07/2022 at 3:38 PM. An earlier version suggested MetLife was moving away from the variable annuity business