Chariot Reinsurance, Ltd. (“Chariot Re”), an independent Bermuda-based Class E life and annuity reinsurance company, today announced the successful completion of its second reinsurance transaction, an agreement with Metropolitan Tower Life Insurance Company, a Nebraska-based affiliate of MetLife, to reinsure a block of whole life insurance liabilities. Under the terms of the transaction, MetLife’s commitment to its policyholders remains unchanged, and it will continue to retain responsibility for all customer-facing and policy administration functions.
Chariot Re has raised more than $1 billion of equity capital since launch in July 2025, led by co-sponsors, MetLife and General Atlantic, together with lead investor Chubb and additional third-party investors. The company’s strong balance sheet supports an accelerated growth strategy, and positions Chariot Re to meaningfully scale its reinsurance platform in 2026.
Cynthia Smith, Chief Executive Officer of Chariot Re, said:
“This second transaction marks another important milestone in the execution of our growth strategy and highlights the strong alignment with our sponsors and investors. We anticipate additional transactions this year, as we continue to build momentum and expand our ability to provide long-term, value-added reinsurance solutions.”
About Chariot Re
Chariot Reinsurance, Ltd. (Chariot Re), is an independent Bermuda-based Class E life and annuity reinsurance company. Co-sponsored by MetLife and General Atlantic with backing from Chubb and other investors, Chariot Re’s unique platform leverages MetLife’s global liability origination capabilities and the asset management expertise of MetLife Investment Management and General Atlantic to deliver differentiated solutions that combine scale, specialization, and a long-term perspective. For more information, visit www.chariotre.com.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit www.metlife.com.
About General Atlantic
General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. General Atlantic manages approximately $118 billion in assets under management, inclusive of all strategies, as of September 30, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: www.generalatlantic.com
Contacts
Chariot Re
| Media | Investors |
| Kristy Bell | Delcho Ivanov |
| info@chariotre.com | ir@chariotre.com |
MetLife
| Media | Investors |
| Jane Slusark | John Hall |
| Jane.Slusark@metlife.com | John.A.Hall@metlife.com |
General Atlantic
Mary Armstrong and Liz McBain
media@generalatlantic.com
Chariot Re Forward-Looking Statements
The forward-looking statements in this news release, which use terms such as “growth,” and “will,” are based on assumptions and expectations that involve risks and uncertainties. Actual results could differ from those it expresses or implies in forward-looking statements. Chariot Re does not undertake any obligation to publicly correct or update any forward-looking statement if it later becomes aware that such a statement is not likely to be achieved.