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Article: MetLife Completes Acquisition of John Hancock's Group Life Insurance Business.
- Article from:
- Business Wire
- Article date:
- November 4, 2003
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Business Editors
NEW YORK--(BUSINESS WIRE)--Nov. 4, 2003
MetLife, Inc. (NYSE: MET) announced today that Metropolitan Life Insurance Company completed its acquisition of John Hancock Life Insurance Company's group life insurance business, following regulatory approval. The companies announced the transaction on June 23, 2003.
The acquisition of John Hancock's group life insurance business strengthens MetLife's market leading position in the group life area.
MetLife has increased its efforts to raise awareness as to the serious consequences of an underinsured employee population and has been working towards narrowing the underinsured ...