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 investors and their advisers and will help us strengthen our relationship with advisers and customers.
"Our future success will be dictated by our offering better products, service and value, and that will be driven by our staff."
The buyout means MetLife now has operations in 60 countries and 90 million customers on its books, with an increase in UK sales personnel from 45 to 60 and plans to build on its intermediary distribution channel.
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