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In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt. [ 4 ] Headquartered in Charlotte, North Carolina , the company began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017.
MetLife Inc. v. Financial Stability Oversight Council, 177 F. Supp. 3d 219 (D.D.C. 2016), is a case that challenged the systemically important financial institution, or SIFI rules in Dodd-Frank. U.S. District Judge Rosemary Collyer ruled that MetLife could shed its SIFI designation, after concluding Financial Stability Oversight Council , or ...
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), [3] better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. [4] [5] The firm was founded on March 24, 1868. [6]
In May 2008, MetLife acquired the bank's reverse mortgage division. [14] In 2009, during the 2008–2011 Icelandic financial crisis, a class action lawsuit was filed against EverBank in the Superior Court of California on behalf of purchasers of certificates of deposit denominated in Icelandic Krona from the bank. The lawsuit alleged that ...
In July 2007, the company acquired Liberty Reverse Mortgage, a reverse mortgage company, for $50 million. [17] It sold the company to Ocwen for $22 million in April 2013. [18] In September 2007, the company sold its wealth management unit to private equity firms Aquiline Capital Partners and Genstar Capital Management for $412.5 million. [19] [20]
Carl "Rob" Robert Henrikson (born May 21, 1947) was the Chairman of the Board, president and chief executive officer of MetLife, Inc. Henrikson was appointed CEO on March 1, 2006 and Chairman of the Board on April 25, 2006. Henrikson was succeeded by Steven A. Kandarian as Chair, President and CEO of MetLife, Inc. in 2011.
Three years later, Citigroup sold Travelers Life & Annuity to MetLife. [19] In 2003, Travelers bought renewal rights for Royal & SunAlliance Personal Insurance and Commercial businesses. [20] [21] In 2004, the St. Paul and Travelers Companies merged and renamed itself St. Paul Travelers, with its headquarters set in St. Paul, Minnesota. [22]
Steven A. Kandarian was the president, chairman, and chief executive officer of MetLife.He became president and CEO on May 1, 2011, [1] and chairman in January 2012 [2] succeeding Robert Henrikson, who retired from those roles.
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