MetLife Inc., the New York-based insurer that traces its roots to the 1860s, said its come up with a new name for a U.S. retail unit thats slated for separation.
MetLife extended CEO Steve Kandarians term by lifting the age-65 retirement policy as he works to simplify the company and fights to avoid stricter government oversight.
MetLife Inc. agreed to pay $25 million to settle a probe of abuses tied to variable annuities, the highest-ever penalty for those products by the Financial Industry Regulatory Authority.