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.
News For MET From The Last 14 Days
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U.S near to designating MetLife as systemically important, Bloomberg says The U.S. Financial Stability Oversight Council is set to designate MetLife as systematically important and thereby subjecting the insurer to oversight by the Federal Reserve, says Bloomberg. Reference Link