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MetLife’s Kandarian Warns Regulators to Keep Eye on New Entrants

April 1, 2019, 4:21 PM

Steven Kandarian, MetLife Inc.’s outgoing chief executive officer, delivered a note of caution to regulators: Keep a close eye on some of the new players in the life insurance industry.

“The regulators have to look very hard at the new entrants in terms of how they’re investing their money in particular -- what kind of liabilities are on their balance sheet,” Kandarian said April 1 in an interview on Bloomberg Television, without naming the competitors. “Regulators should look hard at this and make sure that the risks being taken on by these new entrants are appropriate because, again, we pick ...