Pursuits
MetLife Shelves 148-Year-Old U.S. Retail Brand for ‘Brighthouse’
- Snoopy to stay with MetLife, routinely reviewed: spokeswoman
- Brighthouse reflects simplicity, transparency, company says
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MetLife Inc., the New York-based insurer that traces its roots to the 1860s, said it’s come up with a new name for a U.S. retail unit that’s slated for separation.
The business will be known as Brighthouse Financial once it’s broken off from the parent company, MetLife said Thursday in a statement. MetLife said in January that it would pursue a spinoff, sale or initial public offering for the unit and hasn’t yet announced which path it will take.