The U.S. life and annuity insurer MetLife appears to be in a strong position relative to its competitors.
MetLife is one of the leading providers of variable annuities in the United States.
At a recent industry conference, MetLife's CEO explained that one of his primary concerns involves extending the company's leading position by taking advantage of acquisition and new business opportunities that have resulted from the financial crisis:
MetLife shunned U.S. rescue funds and padded its finances with a $1.25 billion bond sale on May 26 as rivals including Prudential Financial consider tapping Treasury’s bailout program to rebuild capital. Earlier this month, MetLife Chief Financial Officer William Wheeler called the acquisitions environment “historic,” and today Henrikson said the insurer is seeking to add to the products it offers in Japan.
Source: Bloomberg
- Log in to post comments
