MetLife News

Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion

Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.’s U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people familiar with the matter. Zurich Insurance issued a statement …

MetLife Looks to Sell P&C Auto and Home Insurance Business: KBW Analysts

MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger and Meyer Shields, said the insurer is looking at a …

MetLife to Enter Pet Insurance Market with Acquisition of PetFirst Program

MetLife has agreed to acquire PetFirst Healthcare, a pet insurance program administrator that currently distributes its pet insurance products through animal welfare agencies, direct-to-consumer channels and employers. MetLife says the acquisition will enable it to offer a new benefit that …

Generali’s Talks to Buy MetLife’s Europe Assets Stall over Price Differences: Sources

Italian insurer Assicurazioni Generali has held talks with U.S. rival MetLife Inc to buy the bulk of its European assets but discussions have stalled due to differences over price, four sources told Reuters. Generali, which ranks as Europe’s third biggest …

Generali Prepares to Make Formal Bid for MetLife’s European Assets: Sources

Assicurazioni Generali SpA is preparing to make a formal bid for the European assets of MetLife Inc. following months of talks, people with knowledge of the matter said. The Italian insurer has been finishing due diligence and aims to make …

Former Executive Sues MetLife Alleging Gender Bias; Insurer Denies Claims

A former MetLife Inc. executive claims she suffered years of gender-based pay discrimination and harassment from members of the insurer’s top leadership team and that she was fired after complaining about a lack of diversity. Mona Moazzaz, a former chief …

Generali in Early Negotiations to Buy MetLife’s Central European Assets: Sources

Assicurazioni Generali SpA is in early talks to buy the Central European assets of MetLife Inc. as the Italian insurer seeks to expand through acquisitions in high-growth markets, according to people with knowledge of the matter. The business may be …

Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers

Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and Prudential. The International Association of …

Minnesota Settles with 13th Life Insurance Company Over Unpaid Claims

The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The settlement with the American International Group (AIG) represents the …

Europe’s Re/Insurers Cut Coal Investments by $20B; U.S. Firms Fail to Act: Report

Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken “meaningful action,” campaign group Unfriend Coal said on Wednesday. Government representatives and officials at this week’s U.N. …