MetLife, Inc., has announced that it intends to merge its subsidiary, General American Life Insurance Company, with and into another subsidiary, Metropolitan Tower Life Insurance Company.
Metropolitan Tower Life Insurance Company will continue as the surviving entity after the merger, and the merged entity will be domiciled in Nebraska.
In a statement, MetLife said that it expected that the transactions, which are subject to applicable regulatory approvals, to be completed in the first half of 2018.
MetLife explained that, following the decision to separate a substantial portion of its U.S. retail segment, MetLife conducted a review of the entities out of which it does business, which led to the decision to merge the two subsidiaries.
Learn more: www.metlife.com.