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MetLife Earns 2021 ENERGY STAR® 'Sustained Excellence' Award | Business & Finance


NEW YORK (BUSINESS WIRE) Apr 13, 2021
MetLife, Inc. (NYSE: MET) today announced that it has received the 2021 ENERGY STAR ® Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.
The Sustained Excellence award is the highest honor bestowed by the ENERGY STAR program. It is awarded to ENERGY STAR partners that have made a long-term commitment to fighting climate change and protecting public health through energy efficiency and have demonstrated leadership year over year. This is the third consecutive year that MetLife has been named an ENERGY STAR Partner of the Year, leading to the company’s Sustained Excellence designation. ....

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MetLife Completes Sale of Auto & Home Business to Zurich Insurance Group Subsidiary Farmers Group, Inc.


Press release content from Business Wire. The AP news staff was not involved in its creation.
MetLife Completes Sale of Auto & Home Business to Zurich Insurance Group Subsidiary Farmers Group, Inc.
April 7, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 7, 2021
MetLife, Inc. (NYSE: MET) today announced the completion of its sale of Metropolitan Property and Casualty Insurance Company and certain wholly-owned subsidiaries to Farmers Group, Inc., a subsidiary of Zurich Insurance Group, for a purchase price of $3.94 billion in cash.
In addition, MetLife and Farmers Exchanges have established a 10-year strategic partnership through which Farmers Insurance
® (Farmers) will offer personal lines products on MetLife’s industry-leading U.S. Group Benefits platform, which reaches 3,800 employers and approximately 37 million eligible employees. Farmers assumes responsibility for MetLife’s previous retail property and casualty customers. ....

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MetLife, Inc.: MetLife Completes $5 Billion Longevity Reinsurance Transactions with Rothesay


MetLife, Inc.: MetLife Completes $5 Billion Longevity Reinsurance Transactions with Rothesay
MetLife, Inc. announced today that its subsidiary, Metropolitan Tower Life Insurance Company, has closed its second and third longevity reinsurance transactions with Rothesay Life Plc, reinsuring approximately $5 billion of pension liabilities associated with two U.K. bulk annuity transactions completed in the fourth quarter of 2020.
We are pleased to expand our relationship with Rothesay and build on our previous success to execute the latest two transactions very quickly and efficiently, said Jay Wang, senior vice president and head of Risk Solutions for MetLife s Retirement Income Solutions business. With these transactions, we will continue to execute on our strategy, using our actuarial expertise and history managing longevity risk to expand our footprint within the U.K. longevity reinsurance market. ....

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