Metropolitan Tower Life Insurance Co. will move its regulatory home to Nebraska as part of a merger with a sister company, a move that likely will bring a new office to the state.
MetLife Inc. of New York City said Friday it is merging its General American Life Insurance Co. into its Metropolitan Tower Life subsidiary, subject to regulatory approval, as part of a review of its U.S. operating companies.
Met Tower Life will locate its regulatory “domicile” to Nebraska, MetLife said, although its headquarters will remain in New York.
The company said it is still working on its plans for Nebraska. Insurance companies moving their domiciles to Nebraska create offices here, some of them with 250 or more white-collar and professional jobs.
News and releases from metro area businesses
4 posts • Page 1 of 1
Saw this in the paper this morning. Obviously this doesn't mean they are moving a HQ building here, but maybe it equates to something similar to Pacific Life. A good presence in the city with nearly 450 employees. Metlife is substantially larger than Pacific Life though and ranks #42 on the Fortune 500 with nearly $63 Billion in revenue and 58,000 employees.
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