MetLife to merge offshore reinsurance unit into U.S. regulated entity In a regulatory filing, MetLife disclosed that it intends to merge offshore captive reinsurer into a U.S. regulated entity.
MetLife says low interest rates may cost annuity business $2.5B, Bloomberg says MetLife says the continued low interest rate environment may cost the company around $2.5B after three-to-five years in the U.S. variable annuity business, reported Bloomberg. Reference Link
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