MetLife, Inc. announced today that its subsidiary, Metropolitan Tower Life Insurance Company, has completed two longevity reinsurance transactions with Phoenix Group ("Phoenix"). The transactions were
“We are pleased to have completed our first two longevity reinsurance transactions with Phoenix and to support Phoenix in its U.K. pension de-risking activity,” said Jay Wang, senior vice president and head of Risk Solutions for MetLife’ s Retirement& Income Solutions business.“ Despite the continuing uncertainty around the pandemic, the U.K. pension and.
Metlife, Zurich complete $3 5bn longevity swap ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, Inc., announced today it has completed a significant longevity reinsurance transaction involving an unnamed U.K. pension scheme, using an independent U.K. regulated insurer, Zurich Assurance Ltd. as intermediary. Under the terms of the agreement, Metropolitan Tower Life Insurance Company.