Rothesay 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.
BofA/Merrill U.S. life insurance analyst holds analyst/industry conference call U.S. Life Insurance Analyst Weiss, along with Jill Hoffman, VP of Government Affairs and Felicia Smith, VP & Senior Counsel for Regulatory Affairs from the Financial Services Roundtable, discuss the Labor Department's recent proposal to impose fiduciary standards on the sale of retirement products on an Analyst/Industry conference call to be held on July 20 at 11 am.