Rothesay Life Picks Up MetLife Unit With $5B In Assets

Rothesay Life Picks Up MetLife Unit With $5B In Assets

Private equity-backed U.K. insurer Rothesay Life Ltd. will buy MetLife Inc.'s U.K. and Irish pension risk transfer solutions provider MetLife Assurance Ltd., which boasts about £3 billion ($5 billion) worth of assets under management, the companies said Tuesday.

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