MetLife News

MetLife Taps Attorney From The Hartford as New General Counsel

MetLife Inc. announced Ricardo Anzaldua will join the company as general counsel, effective this week. He will report to CEO Steven Kandarian and become a member of MetLife’s executive group. Based in New York, Anzaldua will lead the company’s global …

MetLife Acquires Georgia’s Reynolds Plantation

MetLife has acquired one of Georgia’s largest resort and golf communities. The insurer has acquired Reynolds Plantation that includes The Ritz-Carlton Lodge, six golf courses, four marina, and nearly 5,000 acres of undeveloped golf and waterfront property. The Daniel Corp. …

MetLife Receives Fed Extension on Capital Plans

MetLife Inc. received a three-month extension from the U.S. Federal Reserve on its plans to return capital to shareholders, the company said on Tuesday, potentially removing a short-term overhang on its stock. Its shares were up 5.4 percent on Tuesday …

MetLife to Shift U.S. Business, Target Global Growth

MetLife Inc. will change `its product mix in the United States and push harder for growth in international markets to substantially boost returns by 2016, the largest U.S. life insurer said on Wednesday. MetLife also said it had received two …

MetLife to Buy Georgia Golf Community

An agreement has been announced for the sale of posh golf community Reynolds Plantation in Greensboro, Georgia. The Atlanta Journal-Constitution reported that New York-based insurance and financial services giant MetLife said its agreement includes six golf courses, four marinas, nearly …

MetLife Says Former Wal-Mart Exec Leaves Board

The former head of Wal-Mart’s Mexico operations is stepping down from his current board positions at MetLife, effective immediately. The insurance giant announced Tuesday afternoon that Eduardo Castro-Wright had resigned “due to personal reasons.” Castro-Wright was leading Wal-Mart de Mexico …

MetLife to Pay States $500 Million in ‘Death Master’ Probe

MetLife Inc., the largest life insurer in the United States, will pay $500 million to settle a multi-state investigation into claims payment practices, the office of California’s state controller said on Monday. The investigation related to the use of the …

After Failure, MetLife Criticizes Federal Reserve Stress Test As Flawed for Insurers

Citigroup and MetLife led a list of financial institutions that failed the Federal Reserve’s latest round of stress testing Tuesday, a shock result for two companies that were widely expected to return billions of dollars in extra capital to shareholders …

MetLife to Acquire Aviva’s Czech, Hungarian, Romanian Operations

MetLife, Inc. announced that it has agreed to acquire the life insurance businesses of UK-based Aviva plc in the Czech Republic (Aviva Czech Life) and Hungary (Aviva Hungary Life), and its life insurance and pension businesses in Romania (Aviva Romania …

You’d Better Watch Out – Many Holiday Party Hosts Ignore Safety Issues

Many people are planning year-end holiday festivities. But a report says there are many dangers lurking at these events. And people aren’t paying enough attention. A MetLife Auto & Home American Safety Pulse Poll says only about a third of …