MetLife picking up annuities biz from weaker rivals

MetLife Inc (MET.N) expects its sales of stock market-linked retirement products to exceed 2007 levels as it picks up business from weakened rivals.

Michael Farrell, executive vice president of MetLife's U.S. distribution, told investors gathered in New York on Wednesday that sales of variable annuities are expected to grow to between $15.3 billion and $15.6 billion in 2009...

Reuters: MetLife picking up annuities biz from weaker rivals
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