Monday, February 13, 2006
MetLife: Hunting for Acquisitions
After reporting a solid fourth quarter, thanks in part to MetLife's $11.8 billion acquisition of Citigroup's Travelers Life and Annuity business last year, the nation's largest life insurer could be ready to tackle another buy.
Speaking at the company's fourth quarter earnings call with analysts Friday, MetLife president and chief operating officer C. Robert Henrickson -- who is slated to take over the role of chief executive next month when the current CEO Bob Benmosche retires -- said while there are "substantial opportunities" to grow on a generic basis, consolidation within the life insurance industry is likely to increase and MetLife is open to buying.
MetLife: Hunting for Acquisitions
Source: CNN Money
Speaking at the company's fourth quarter earnings call with analysts Friday, MetLife president and chief operating officer C. Robert Henrickson -- who is slated to take over the role of chief executive next month when the current CEO Bob Benmosche retires -- said while there are "substantial opportunities" to grow on a generic basis, consolidation within the life insurance industry is likely to increase and MetLife is open to buying.
MetLife: Hunting for Acquisitions
Source: CNN Money
Permalink posted by armandn @ 7:42 AM 
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