Effective November 14, 2014, MetLife will merge three of its U.S. life insurance companies and one of its offshore reinsurers to create one U.S. life insurance company. Specifically, MetLife Investors USA Insurance Company (MLI USA), MetLife Investors Insurance Company (MLI), and Exeter Reassurance Company Limited will become part of MetLife Insurance Company of Connecticut (MICC). This entity will be renamed MetLife Insurance Company USA and will be domiciled in the state of Delaware, all of which is subject to regulatory approval.
Click here for the full broker bulletin on this change, along with the Frequently Asked Questions.