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.
The central bank has served up a disappointment for punters on Melbourne Cup Day.
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.