MetLife, General Atlantic to launch reinsurance venture [Yahoo! Finance Canada]
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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Source: Yahoo! Finance Canada
NEW YORK (Reuters) - MetLife and General Atlantic are forming a reinsurance venture, the companies' executives told Reuters on Wednesday, the latest in a growing trend of insurers and alternative money managers teaming up to boost returns from low-risk insurance assets. The venture, called Chariot Reinsurance, will have an initial equity contribution of more than $1 billion, with MetLife and General Atlantic each holding around 15% ownership. Chariot Re, which is due to launch in the first half of 2025, will be headed by Cynthia Smith, most recently the head of MetLife's group benefits regional business, and be initially seeded with $10 billion of existing MetLife policies. Fellow insurer Chubb will also be an anchor investor in the venture, with other institutional investors in the process of committing funds, General Atlantic Chief Operating Officer Graves Tompkins said. "The high quality, long-duration liabilities that MetLife has been able to offer to Chariot Re aligns re
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News
- MetLife Names Nick Nadgauda Global Chief Information Officer [Yahoo! Finance]Yahoo! Finance
- MetLife Names Nick Nadgauda Global Chief Information OfficerBusiness Wire
- MetLife Unveils New Frontier Growth Strategy and Long-Term Financial Commitments at 2024 Investor Day [Yahoo! Finance]Yahoo! Finance
- MetLife Unveils New Frontier Growth Strategy and Long-Term Financial Commitments at 2024 Investor DayBusiness Wire
- MetLife and General Atlantic Announce the Formation of Chariot Re [Yahoo! Finance]Yahoo! Finance
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- 10/30/24 - Miss
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- 12/20/24 - Form 144
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- MET's page on the SEC website