Deals and People

Retirement Industry People Moves

Metlife Approves Brighthouse Spin Off; Marsh & McLennan Name CEO of Marsh; Wells Fargo Hires Head of Portfolio Solutions; and more.

By Javier Simon editors@strategic-i.com | July 07, 2017
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Metlife Approves Brighthouse Spin Off

MetLife announced that its board of directors has approved the spin-off of Brighthouse Financial. In addition, all necessary state insurance regulatory approvals have been granted.

MetLife common shareholders will receive a distribution of one share of Brighthouse Financial common stock for every 11 shares of MetLife common stock they own as of the close of business on the July 19 record date.

Brighthouse Financial’s Registration Statement on Form 10, including amendments thereto, can be found at www.sec.gov and on the Investor Relations section of www.metlife.com.

NEXT: Marsh & McLennan Names CEO of Marsh