MetLife Europe will launch a suite of new products this year and next on the back of its acquisition today of American Life Insurance Company (Alico).
The company plans to unveil a number of investment and retirement products within the next 18 months, including a maximum investment plan (MIP) and protected growth bond. American Insurance Group confirmed the sale of Alico to MetLife today for a total of $16.2bn (£10.17bn). "MetLife's integration with Alico transforms MetLife's footprint in the UK giving us the power to fully embrace the IFA and advisory marketplace," says Dominic Grinstead, managing director at MetLife UK. "The integration enables MetLife in the UK to develop new products that will provide greater certainty to in...
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