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MetLife Auto & Home/Marshall & Swift/Boeckh

MetLife has good reason to be proud of its property and casualty division, MetLife Auto & Home. It has consistently outperformed the rest of the ...

By Robert Regis Hyle | Updated on April 30, 2002

MetLife has good reason to be proud of its property and casualty division, MetLife Auto & Home. It has consistently outperformed the rest of the industry in underwriting its risks, but the acquisition of the St. Paul Companies in 1999 made that industry position a little more tenuous.

Bonnie McHenry, director of corporate underwriting for the property team at MetLife, said that after the acquisition it was evident that the property side needed to do more underwriting with the policies it had acquired. Approximately 70 percent of the book was underinsured, some of it by as much as 30 percent, McHenry said. Thats significant when you have several hundred thousand policies.

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