Steven Kandarian, named Chief Executive Officer of MetLife in May, is seeking to position the company as the preeminent global life insurer, which could amount to a larger reorganization within the company than experts had predicted. Already one executive is leaving the company and another will retire next year. In the meantime, Kandarian is looking to recoup losses from a rough market year in which the company dropped 37 percent. What else is on the horizon? Potential expansion outside the U.S. and “a material downsizing” of sales of variable annuities, said Colin Devine, an analyst with Citigroup, who lowered his price target on the stock 7.1 percent and maintained a “buy” rating.
The highly confidential filings include detailed data on morbidity, mortality and lapse rates.
The Lincoln Financial executive corrected the record Monday, during an interview at the ILTCI Conference.
The top-level founding sponsors are One America, Nationwide, Genworth and the ILTCI Conference Association.
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