The National Bank of Serbia’s Administration for Supervision of Financial Institutions has approved MetLife’s application to transfer a portion of its life insurance portfolio to the joint-stock insurance company Wiener Stadtische osiguranje.
The approval was granted on January 17, 2014, and the portfolio transfer is effective as of December 31, 2013.
JPM Finance Senior Partner Jelena Gazivoda and Partners Aleksandar Hadzic and Nikola Dordevic supported MetLife in the transaction.