April 24, 2014 7:07 PM ET

Insurance

Company Overview of Metropolitan Life Insurance Company

Company Overview

Metropolitan Life Insurance Company, together with its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States. It operates in three segments: Retail; Group, Voluntary & Worksite Benefits; and Corporate Benefit Funding. The Retail segment offers variable, universal, term, and whole life insurance products; disability products; and a range of mutual funds and other securities products, as well as variable and fixed annuities. The Group, Voluntary & Worksite Benefits segment provides group insurance products and services comprising life, dental, group short- and long-term disability, and accidental death and dismemberment coverages, as well as administra...

200 Park Avenue

New York, NY 10166

United States

Founded in 1868

Phone:

212-578-2211

Key Executives for Metropolitan Life Insurance Company

Chairman of the Board
Age: 61
Chief Financial Officer and Executive Vice President
Age: 54
Chief Accounting Officer and Executive Vice President of Finance Operations
Age: 49
Managing Director and Head of Alternative Investments
Chief Investment Officer
Age: 69
Compensation as of Fiscal Year 2013.

Metropolitan Life Insurance Company Key Developments

Metropolitan Life Insurance Company Announces Lease Agreement with Xoom Corporation

Xoom Corporation (the Company) entered into an office lease agreement dated December 20, 2013 with Metropolitan Life Insurance Company to lease approximately 53,017 square feet of an office building located at 425 Market Street, San Francisco, California. The 120-month term of the Lease (the Term) is expected to commence on July 1, 2014. Rent will be paid on a monthly basis and will increase incrementally from $229,740.33 per month to $286,914.20 per month through the end of the Term. In connection with the entry into the Lease, the Company is obligated to deliver a letter of credit to the Landlord in the amount of $3,890,949.00. The Company has the option to extend the term of the Lease for an additional five year period at the then prevailing market rate. The Company also has the right to sublease, assign or transfer the Premises, subject to certain terms and conditions.

Metropolitan Life Insurance Company Presents at IMN's The 19th Annual ABS East 2013, Oct-06-2013 through Oct-08-2013

Metropolitan Life Insurance Company Presents at IMN's The 19th Annual ABS East 2013, Oct-06-2013 through Oct-08-2013. Venue: The Fontainebleau, Miami Beach, Florida, United States. Presentation Date & Speakers: Oct-07-2013, Nancy Mueller Handal, Managing Director.

Thomas A. Tully Sues Lorillard Tobacco Co, Georgia-Pacific LLC, Metropolitan Life Insurance Company and Union Carbide Corporation

The estate of former Dubuque mayor Thomas A. Tully filed a suit against Lorillard Tobacco Co. and 14 others for Tully, who died at the age of 69 in April 2010. The trial is set for Jan. 14, 2014, with an estimated length of two weeks. The executors of the estate are Joan Tully and her children, Thomas P. Tully and Maureen Lindecker. The elder Thomas Tully contracted mesothelioma, a common affliction for those who inhaled smoke from Kent Micronite cigarettes in the 1950s. Besides Lorillard, the petition names Georgia-Pacific LLC, Union Carbide Corporation and Metropolitan Life Insurance Company among the defendants, along with "various unknown John Does" to be named when identified. The estate alleges negligence, strict liability for manufacture and sale of defective products, breach of express and implied warranties of merchantability and fitness for intended purposes, conspiracy, fraud and loss of consortium. Among other claims, the Tullys say the companies failed to adequately test their products, and that, specifically, Metropolitan Life conspired with its insureds and other asbestos product manufacturers and distributors to suppress and distort information. The Tully family is asking for an unspecified amount of past and future damages. The defendants have until mid-April to designate between one and three people as liaison counsel who will coordinate motions and pre-trial matters.

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