MetLife confirmed that, pursuant to its plan to separate a substantial portion of its US Retail segment, it is in discussions with MassMutual Financial Group regarding a possible transaction related to the MetLife Premier Client Group, its US advisor force.
There can be no assurance that an agreement will be reached or that a transaction will be consummated.
Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management.
Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.