Big US-based insurer MetLife is expanding its Australian presence with the opening of an office in Melbourne.
The company announced the move today, saying the new office, which would include the recruitment of 32 new roles, was reflective of business growth.
The appointments will be across claims, product and pricing, client relationship and finance.
Commenting on the move, MetLife Australia chief executive Damien Green said the company was strongly committed to the group insurance segment in Australia and to life insurance overall, and it intended to continue investing to generate and support long-term growth.
“MetLife’s continued significant investment in the Australian life insurance market is in line with our overall commitment to growing our customer base and to local partners,” Green said.
The insurance company has joined this year’s awards as a principal partner.
The $135 billion fund has transitioned away from TAL Life Insurance following an “extensive tender process”.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.