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MetLife to Merge Offshore Reinsurer Into Regulated U.S. Entity

May 21 (Bloomberg) -- MetLife Inc., the largest U.S. life insurer, said it is merging an offshore captive reinsurance unit into a U.S. regulated entity as the company addresses “regulatory concerns.”

The merging of three U.S. subsidiaries and a foreign reinsurer, expected to be completed in 2014, will help the company be in a “better position to deal with Dodd-Frank derivative collateral requirements,” the New York-based company said today in a regulatory filing.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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