metlife

Zurich to Buy MetLife Property and Casualty Business
M&A

Zurich to Buy MetLife Property and Casualty Business

The Swiss insurance company said the deal would increase its presence across the United States.
By Lauren Muskett | December 11, 2020
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MetLife to Buy Versant Health
M&A

MetLife to Buy Versant Health

The deal would make it the third-largest vision insurer in the country.
By Lauren Muskett | September 17, 2020
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MetLife Earnings Tumble 43% to $758M in Q2
Financial Performance

MetLife Earnings Tumble 43% to $758M in Q2

The insurer's profit drop reflected a 13% decline in net investment income and $710 million in net derivative losses.
By Matthew Heller | August 6, 2020
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MetLife Fined $10M Over Annuity Accounting
Risk & Compliance

MetLife Fined $10M Over Annuity Accounting

The SEC says the insurer failed to maintain a sufficient system of internal controls, resulting in an improper release of annuity reserves.
By Matthew Heller | December 19, 2019
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MetLife Settles With Massachusetts Over Pension Claims
Risk & Compliance

MetLife Settles With Massachusetts Over Pension Claims

The company agreed to pay $1 million to resolve accusations related to its pension risk transfer business.
By William Sprouse | December 19, 2018
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FedEx Makes Largest Pension Annuity Purchase in Years
Risk Management

FedEx Makes Largest Pension Annuity Purchase in Years

The $6 billion deal could be a harbinger of more such asset de-risking moves by other defined-benefit plan sponsors.
By Justin Owens | May 10, 2018
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MetLife Shares Plunge on Restatement News
Financial Reporting

MetLife Shares Plunge on Restatement News

The insurer says it underestimated its group annuity reserves because of "a material weakness in internal control over financial reporting.”
By Matthew Heller | January 29, 2018
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Accenture Offloads Pension Liability
Retirement Plans

Accenture Offloads Pension Liability

The deal comes as insurers are buying pension plans at a record rate.
By William Sprouse | June 23, 2017
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IMF Urges ‘Increased Vigilance’ Over Insurers
Risk Management

IMF Urges ‘Increased Vigilance’ Over Insurers

The sector's increased contribution to systemic risk necessitates a "more macroprudential approach" to regulating it, the IMF says.
By Matthew Heller | April 5, 2016
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Judge Strips MetLife of ‘Too Big to Fail’ Label
Risk & Compliance

Judge Strips MetLife of ‘Too Big to Fail’ Label

MetLife's victory in a legal battle with regulators could encourage other institutions to challenge the "systemically important" designation.
By Matthew Heller | March 30, 2016
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MetLife Plans Separation of U.S. Retail Business
Strategy

MetLife Plans Separation of U.S. Retail Business

MetLife's "bold move" could set a precedent for other "systemically important" insurers seeking to avoid higher capital requirements.
By Katie Kuehner-Hebert | January 13, 2016
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MetLife Stock Falls on News of Accounting Error
Risk & Compliance

MetLife Stock Falls on News of Accounting Error

The insurer says an internal review determined it had incorrectly stated its combined risk-based capital ratio.
By Katie Kuehner-Hebert | October 14, 2015
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MetLife in Legal Showdown Over SIFI Label
Risk & Compliance

MetLife in Legal Showdown Over SIFI Label

The company says federal regulators erred in giving it the "systemically important" designation, which would subject it to stricter oversight.
By Matthew Heller | August 24, 2015
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Is Berkshire Hathaway Systemically Important?
Risk Management

Is Berkshire Hathaway Systemically Important?

Definitely not, says Warren Buffett, the company's chairman and CEO.
By Katie Kuehner-Hebert | May 4, 2015
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MetLife to Sue Over ‘SIFI’ Tag
Risk Management

MetLife to Sue Over ‘SIFI’ Tag

The large life insurers plans to challenge the Financial Oversight Council's naming of MetLife as a non-bank systemically important financial institution.
By Katie Kuehner-Hebert | January 13, 2015
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