Will MetLife add to the recent wave of M&As in the annuity business with the sale of its bulk annuity line in the U.K.? A report out of London, citing unnamed sources, says the insurance giant is considering dealing MetLife Assurance Ltd., which provides bulk annuity and pension risk management services.
MetLife declined to elaborate on the report. “MetLife continually evaluates its businesses to ensure that we are best positioned to achieve our objectives, deliver superior customer service, support long-term business growth and operate effectively and efficiently. We do not comment on market rumors or speculation,” said Meghan Lantier, a spokesperson for MetLife, in statement emailed to LifeHealthPro.com.