MetLife and Hotung Inv Atlantic China Welding Consumables, Inc. plan to establish a reinsurance joint venture.

On December 11, according to Reuters, MetLife and General Atlantic are establishing a reinsurance joint venture, which is the latest trend of insurance companies and alternative fund management companies working together to enhance the return on low-risk insurance assets. This joint venture named Chariot Reinsurance will have an initial equity of over 1 billion dollars, with MetLife and General Atlantic each holding about 15% of the equity. In addition, the insurance company Chubb will also become one of the main investors in this joint venture.

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