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As we expand our global presence, we had to start thinking differently about how to get things done more quickly while still putting our customers first. This absolutely affected the way we evaluated our previous technology investments," said Jim O'
The company also took a major restructuring charge that hurt earnings. In its annual report the company disclosed it would cut an additionally 3,000 jobs in 2013. This was on top of the 4,000 cut the year before as part of its restructuring program.
Bank for Investment and Development of Vietnam Insurance Corporation (BIC) signed an agreement today to establish a life insurance joint venture (JV) in Vietnam. Kurt Campbell, member of MetLife's board of directors and former assistant secretary of
The conference call will be available live via telephone and the Internet. To listen via telephone, dial (800) 230-1074 (U.S.) or (612) 288-0337 (outside the U.S.). To listen to the conference call via the Internet, visit www.metlife.com through a
Annual Insurance Conference on Wednesday, Sept. 18, at approximately 8:15 a.m. (ET). Hele will discuss the evolving regulatory landscape facing the life insurance industry, especially the focus on systemic risk and heightened capital requirements in
In approved states, MetLife is introducing the Enhanced Care Benefit as a rider available on its entire whole life portfolio, for policies first sold after September 3, 2013. This enhancement is designed to provide consumers with greater flexibility
All but $114,000 of such debentures were remarketed in a transaction that is expected to close on September 10, 2013. The debentures, which were originally issued in November 2010, were due June 15, 2024, but will be adjusted effective September 11,
A pair of major financial companies PNC Financial Services Group and MetLife Inc. have received federal investigative subpoenas for information regarding lawyer expenses tied to foreclosures, according to public filings. The disclosures, made last
MetLife, the nation's largest life insurance company, said Tuesday that financial regulators have moved one step closer to placing it under tougher government supervision...That would impose on the company a number of strict regulations, including
Outsourcing company iGate Corporation today said it has bagged a major five-year contract worth over $100 million (about Rs 598 crore) for providing global infrastructure services for insurance major MetLife, Inc...MetLife in building out an