MetLife Annuity Business for Sale?
A recent report out of London, says that MetLife may be considering the sale of MetLife Assurance Ltd (which provides annuity and pension services). This would be the latest addition to the chain of mergers and acquisitions within the insurance industry.
The recent acquisitions include Guggenheim agreeing to purchase Sun Life Financial, Athene Holdings agreeing to purchase Aviva USA (read the article), and Berkshire Hathaway taking over Cigna’s variable annuity business.
There has not been any reported buyer for MetLife Assurance Ltd; however, we will be sure to keep a close eye on the speculation.