Metlife completes risk transfer transaction with global atlantic financial group

New york--(business wire)--metlife, inc. (nyse: met) today announced it has completed its risk transfer transaction with global atlantic financial group, a retirement and life insurance company. the transaction accelerates the run-off of metlife holdings, the company's closed-block businesses of its former u.s. retail segment, representing approximately $19 billion of statutory reserves. as part of metlife's ongoing commitment to its customers, the company will remain as administrator and servi.
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