Regulators in three U.S. states have started or widened examinations of how life insurers pay beneficiaries after a federal judge described MetLife Inc. ’s marketing of asset accounts as “inherently deceptive,” even as he dismissed the underlying suit against the company.
Rodney Martin , who was named last year to lead non-U.S. life operations at American International Group Inc. , has taken a job with MetLife Inc. to assist with the integration of a division he once oversaw.
MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in the state without a license and made intentional misrepresentations to regulators.
Blackstone Group LP is in talks to sell six prime office properties in the Boston area for about $2.5 billion as the buyout firm continues to dispose of assets from its 2007 takeover of Equity Office Properties Trust, said a person with knowledge of the negotiations.
Senator Orrin Hatch is pushing an overhaul of public pensions that would let life insurers grab a bigger share of the $3 trillion in state and local funds, a potential windfall for companies such as MetLife Inc. and Prudential Financial Inc.