Insurance Post

Metlife says plans to divest most of RGA stake

BESTWIRE -- US insurer MetLife plans to divest most of its 52% interest in Reinsurance Group of America Inc. The companies said the transaction would allow them to focus on growing their core businesses.

Under the terms of the deal, RGA will recapitalize its common stock into Class A stock, with the right to elect up to 20% of RGA’s directors, and into Class B stock, with the right to elect at least

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