MetLife says its completion of an acquisition of American Life Insurance Co. (ALICO) makes it a “global life insurance and employee benefits powerhouse.”

In a move it says is “an important step toward repaying the government,” American International Group has agreed to sell its international life insurer to MetLife for $15.5 billion.

MetLife appears interested in buying an American International Group’s international life insurance unit for between $14 billion and $15 billion.

New York-based MetLife, one of the nation’s largest insurers, plans to realign its institutional and individual businesses, as well as its Auto & Home unit, under one organization.

Officials with the …  Read →

The nation’s largest life insurer, MetLife, says it passed the federal government’s stress test, investigating if financial service firms had enough capital

MetLife, which became a bank a federally chartered bank …  Read →

Although it was mentioned as a potential participant in the latest round of federal bailouts, New York-based MetLife says it has already taken steps to stay strong financially.

C. Robert …  Read →