MetLife has concluded a $10bn variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, an annuities and life insurance subsidiary of Talcott Financial Group. This transaction, initially announced in April this year, sees Talcott reinsure approximately $10bn in variable annuity and rider reserves. The deal aims to lower MetLife’s portfolio risk while leaving policy administration and servicing with MetLife. The reinsurance structure is based on modified coinsurance and f ...