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.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.