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Stock Market & Financial Investment News

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February 18, 2014
08:03 EDTMETRothesay Life to acquire MetLife's U.K. bulk aunnuity portfolio
Rothesay Life Limited and MetLife announced that Rothesay Life will acquire MetLife Assurance Limited, a subsidiary of MetLife. MetLife Assurance is a leading specialist bulk annuity pension provider, with approximately GBP3B in assets under management. The acquisition is expected to be completed in the second quarter of 2014, subject to regulatory approval and satisfaction of other closing conditions. The terms of the agreement were not disclosed.
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