MetLife News

Moody’s Reports on Proposed Systemic Risk Rules for Insurers

A key ratings agency says that recently proposed guidelines for identifying which insurers would qualify as systemic risks represent an important first step in improved federal regulation of financial institutions. The proposed guidelines from the Financial Stability Oversight Council (FSOC), …

2 Life Insurers Meet Systemic Risk Criteria

Only two life insurers — MetLife Inc.. and Prudential Financial Inc. — meet the newly developed requirements to be considered “systemic” and regulated as such, KBW analysts said Wednesday. The Financial Stability Oversight Council Tuesday proposed a three-stage test to …

MetLife to Take $275M in Charges Related to Life Benefits, Catastrophes

MetLife Inc., the largest life insurer in the United States, said Thursday it would take up to $275 million in third-quarter charges, in part to increase reserves for policies where it may know the holder is dead but no claim …

Asbestos Claims on Rise at MetLife

Asbestos-related claims against MetLife Inc. rose 11 percent in the first half of the year, the company said Friday, mirroring recent comments by other large insurers who have experienced more claims than they expected. MetLife, the largest U.S. life insurer, …

MetLife to Sell Banking Unit to Avoid ‘Too Big To Fail’ Regulation

MetLife, the largest life insurance company in the United States, has put its banking operations up for sale to avoid the “too big to fail” regulatory scrutiny that analysts have said was likely. MetLife said Thursday it may sell MetLife …

U.S. Treasury Expects $6.3 Billion from AIG’s MetLife Sale

American International Group Inc. sold $9.6 billion worth of MetLife Inc. shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds. AIG and the Treasury said a total of 146.8 million …

UPDATE – Treasury Expects $6.3 Billion from AIG’s Metlife Share Sale

American International Group sold $9.6 billion worth of MetLife Inc shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds. AIG and the Treasury said a total of 146.8 million shares …