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MetLife rebranding US retail biz

MetLifeInc. said it will change the name of its U.S. retail business toBrighthouse Financial after it is separated from the company.

The insurer hasn't decided the timing or the form of thedivestiture, but any separation transaction would have to be approved by theboard and certain insurance and other regulatory authorities.

Eric Steigerwalt, currently executive vice president of MetLife,will be the head of Brighthouse Financial.