New MetLife spinoff CEO says, “we can put up with it forever” with regards to low interest rates. Really? Forever is a long time.
MetLife, the largest U.S. insurer based on assets, is spinning its domestic consumer business into Brighthouse Financial. Brighthouse is expected to begin with a market capitalisation of ~$7.9B and more than $220B in assets.
"The group has since successfully challenged US regulators in the courts over its designation, but nevertheless is going ahead with the spin-off, saying that there are other business reasons to pursue it."