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By Warren S. Hersch |
February 2, 2012
Metropolitan Life Insurance Company, New York, says it has reassigned Michael Farrell, the head of U.S. distribution. Henceforth, Farrell will occupy a position in MetLife’s Global Employee Benefits unit, according to a company spokesperson.
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By Arthur D. Postal |
February 1, 2012
State efforts to collect on unclaimed property held by insurers has mushroomed into private action lawsuits filed in Illinois, Ohio and New York against Prudential and MetLife.
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By Elizabeth Festa |
January 30, 2012
UPDATES: Considine sets sail for MagnaCare, a mid-Atlantic health plan management company after two years at the helm of New Jersey Banking and Insurance Department. Meanwhile, Illinois Gov. Quinn announced Andrew Boron as director of the Illinois Department of Insurance on Friday.
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By Elizabeth Festa |
January 26, 2012
While the industry presses forward with selling contingent deferred annuities, regulators wonder if the products would or should be open to guaranty fund coverage if they were to implode.
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By Elizabeth D. Festa |
January 19, 2012
Usually regulatory allies, MetLife and Prudential find themselves at odds over whether contingent deferred annuities should be formally classified as annuities or as financial guaranty insurance.
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By Brian Anderson |
January 13, 2012
When I tuned in to The American College’s annual “Town Hall Update” webcast last week, I unexpectedly heard a compelling pep talk from guest speaker Joe Jordan of MetLife.
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By Elizabeth Festa |
December 8, 2011
NAIC Commissionersy talk up a level playing field, uniformity, PBR and peer review as they roll up their sleeves to figure out the best way to reserve for new products with secondary guarantees, and how to establish premiums even as modern products continue to race beyond old-fashioned reserving methodologies.
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By Warren S. Hersch |
December 5, 2011
MetLife projects 2012 operating earnings to grow to between $5.1 billion and $5.6 billion. And it expects that 2011 operating earnings to rise 32% over 2010.
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By Elizabeth D. Festa |
November 3, 2011
"There’s a real problem with the reserves,” said Benjamin Lawsky, New York's new top cop for financial services regulation. When New York is on the case, sit tight, underwriters of universal life with secondary guarantees.
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By Warren S. Hersch |
November 3, 2011
MetLife’s Kandarian said the B20 group urged policymakers to balance the need to prevent another financial crisis with a focused commitment to private-sector economic growth.
