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The North Building had been considered obsolete for the uses of Metropolitan Life (now MetLife), which had moved most of its employees to the MetLife Building in Midtown Manhattan. Credit Suisse First Boston , a subsidiary of Credit Suisse , then leased 1.5 million square feet (140,000 m 2 ) within the building, an agreement that was later ...
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), [3] better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. [4] [5] The firm was founded on March 24, 1868. [6]
Conversely, there were also many amenities for employees, including a library, auditorium, gymnasium, and medical and dental offices. There was also a recreational space on the roof of the home office's 23rd Street portion, [ 80 ] and through the larger complex's extensive system of kitchens and dining rooms, [ g ] the company offered free ...
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Ultimately, MetLife sold the building that April for $1.72 billion, to a joint venture of Tishman Speyer Properties, the New York City Employees' Retirement System, and the New York City Teachers' Retirement System. [249] [250] At the time, the sale was the largest ever transaction involving an office building. [251]
In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt. [ 4 ] Headquartered in Charlotte, North Carolina , the company began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017.
PNB MetLife was initially launched as MetLife India Insurance Company Limited in 2001. In 2011, PNB acquired a 30% stake in MetLife India Insurance. On 7 December 2012, PNB and MetLife India approached the Competition Commission of India (CCI). In January 2013, PNB received full approval to purchase a 30% stake in MetLife India Insurance.
AmMetLife was formed when MetLife agreed to purchase stakes in AmBank Group's life insurance and family takaful businesses for RM812 million. [2] The deal closed in April 2014. [ 3 ] MetLife has 50 percent plus one share in AmMetLife Insurance and 50 percent less one share in AmMetLife Takaful. [ 4 ]