metlife inc (MET) Key Developments
MetLife Inks $146 Million Loan Agreement with Kennedy Wilson in Ireland
Mar 21 15
MetLife announced that it has inked a $146 million loan agreement with Kennedy Wilson in Ireland. The loan comes with five-year floating and 10-year fixed rate commercial mortgages. The deal is for four properties already owned by Kennedy Wilson, including three residential multi-family properties and a multi-tenant office property, all located in the Dublin area. The loans, placed via MetLife Real Estate Investors, are the first commercial mortgage loans for MetLife in Ireland. MetLife Real Estate Investors originated more than $2.1 billion in commercial mortgage loans in the UK in last year.
MetLife to Move New York City Staff to Namesake Tower by 2017
Mar 20 15
MetLife Inc. is shifting its New York City employees to the Park Avenue landmark from their current locations elsewhere in Midtown and in Long Island City. The company has reportedly signed a lease to increase its space at 200 Park Ave. The company is consolidating operations at its namesake building and the process should be completed by 2017.
MetLife Seeks Acquisitions
Mar 11 15
MetLife, Inc. (NYSE:MET) said that have grown by acquisition and they will continue to do that. It also added that their strategy implies both acquiring new sponsors and also expanding their current relationships.
Bharat Kannan Joins MetLife, Inc. as Head of Employee Benefits for Asia Region, Effective March 16, 2015
Mar 4 15
MetLife, Inc. announced that Bharat Kannan will join the company on March 16, 2015, as its Head of Employee Benefits for the Asia region. Kannan, who will become a member of company's Asia Leadership Group and its Global Employee Benefits Leadership Team, will be based out of Tokyo, Japan and will report to Christopher Townsend, President of Asia for MetLife. In this role, Kannan along with company's Employee Benefits team in Asia will be responsible for executing strategy, accelerating growth and continuing to build out company's employee benefits capabilities across the region. In addition, Kannan will support key relationships with clients and brokers and focus on expanding company's relationships with multinational businesses headquartered in Asia and outside the region. Kannan joins the company from Aon where he spent over 11 years, most recently serving as Chief Executive Officer, Aon Insurance Brokers Malaysia. In his previous position at Aon, Kannan was Director, Aon Risk Solutions Japan leading their foreign local client division for five years, successfully executing a turnaround of the business and directly managing all large scale international relationships.
MetLife, Inc. Elects Edward J. Kelly, III to its Board of Directors
Feb 24 15
MetLife, Inc. announced that Edward J. Kelly, III, has been elected to its board of directors, effective February 24. Kelly most recently served as chairman of the institutional clients group at Citigroup Inc. Kelly is currently a director at CSX Corporation and XL Group plc. Mr. Kelly was also appointed to serve on the Audit Committee and the Finance and Risk Committee of the Board, effective immediately.