Reinsurance News


MetLife hires Patrik Ringstroem as Chief Strategy Officer

9th May 2019

MetLife has announced that Patrik Ringstroem will join the company in July as Chief Strategy Officer, reporting to President and CEO Michel Khalaf. In this role, Ringstroem will be tasked with leading the team responsible for MetLife’s global strategy to help drive top and bottom line financial performance. He succeeds Rebecca Tadikonda, ... Read the full article

Michel Khalaf to succeed Steven Kandarian as MetLife CEO

9th January 2019

MetLife has announced that Michel A. Khalaf is to succeed Steven A. Kandarian as the company’s President and Chief Executive Officer (CEO), effective from May 1, 2019. Khalaf has served as President of Europe, Middle East & Africa (EMEA) at MetLife since 2011, with added responsibility for the company’s U.S Business ... Read the full article

MetLife develops new claims-free blockchain health insurance product

29th August 2018

MetLife Asia’s Singapore-based innovation centre, LumenLab, has begun testing a new insurance solution that uses blockchain technology to trigger automatic payouts upon diagnosis of certain health conditions, without the need to make a claim. The experimental product, called Vitana, is currently designed to offer pregnant women financial protection in case of ... Read the full article

MetLife and FedEx in pension risk transfer deal covering $6bn of liabilities

11th May 2018

Metropolitan Life Insurance Company (MetLife) has entered a risk transfer agreement with FedEx Corporation, which will see it cover approximately $6 billion of FedEx's pension obligations. The deal, which will cover around 41,000 retirees and beneficiaries in the FedEx defined benefit pension plans, is believed to be the largest U.S. pension ... Read the full article

Industry-first platform developed by IBM & MetLife to enhance insurers capabilities

11th October 2017

IBM has partnered with MetLife to develop a new platform for the global insurance industry on the IBM Cloud, designed to improve both the process and economics for product development, as well as enhancing underwriting and benefits delivery. The new, industry-first platform aims to assist insurers expansion into new products and ... Read the full article

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