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Metlife looks to diversify in Australia
Big US-based insurer Metlife is looking to diversify its presence in Australia into what it describes as the "retirement segment".
Addressing an international media symposium in New York, Metlife chief financial officer James Hon reinforced the company's intention to maintain and grow its Australian presence.
He said that while the company was happy with its performance in Australia, it also tended to a pan-regional view.
Hon said Australia had many reciprocal arrangements which made it advantageous with respect to South-East Asia.
The international symposium was also told Metlife's acquisition of Alico had represented a once-in-a-lifetime opportunity, making Metlife the biggest life insurer in the world.
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