MetLife Collaborates With General Atlantic to Launch Chariot Re

MetLife, Inc. (MET) and General Atlantic recently announced Chariot Reinsurance, Ltd., a Bermuda-based life and annuity reinsurer set to launch in 2025. The formation of Chariot Re, supported by more than $1 billion in equity investment, is poised to provide MetLife significant benefits as it will have a future reinsurance partnership with MetLife.This move bodes well for MET, as it will transfer approximately $10 billion in liabilities to Chariot Re, allowing it to optimize its balance sheet by freeing up ...