On December 11, according to Reuters, MetLife and General Atlantic are forming a reinsurance joint venture, which is the latest trend of insurance companies and alternative fund management companies working together to improve the low-risk insurance asset returns. The joint venture named Chariot Reinsurance will have an initial equity of over 1 billion dollars, with MetLife and General Atlantic each holding about 15% equity. In addition, the insurance company Chubb will also be one of the main investors in the joint venture. The joint venture is set to be established in the first half of 2025, led by Cynthia Smith, who recently became the head of the regional benefits business at MetLife.