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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...
The deal was MetLife’s first longevity swap of UK pension scheme liabilities.
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...
When Jay Wang took over the lease on what had always been Trostel’s Dish, he announced it would be his first non-Asian restaurant. The word “authentic” irks me, mainly because it is usually misused. We live in a FedEx world today where the available ingredients of all cuisines are 24 hours awa