



MetLife has announced an agreement with Chariot Re to reinsure approximately $10bn of structured settlement annuity contracts and group annuity contracts related to pension risk transfers.
This move is part of MetLife’s New Frontier strategy to enhance its diversified retirement platform and asset management business.
The transaction marks the launch of Chariot Re, co-sponsored by MetLife and General Atlantic, with backing from Chubb and other investors. The partnership is expected to drive growth and deliver innovative reinsurance solutions globally, while MetLife maintains its commitment to policyholders.
Michel Khalaf, President and CEO of MetLife, said: “This transaction with co-sponsor General Atlantic represents a significant step in establishing Chariot Re as a premier global provider of innovative reinsurance solutions. For MetLife, our strategic partnership with Chariot Re supports growth in our diversified retirement platform and asset management business, two key priorities of our New Frontier strategy.”