MetLife Alico yet to decide on SL

MetLife Alico has not made any announcement about plans to enter any new countries including Sri Lanka nor is it the Company's policy to speculate about its strategic growth plans.

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programmes, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. On May 8, MetLife announced the appointment of Christopher Townsend as Head of its Asia Region.

Steven A Kandarian, Chairman, President and Chief Executive Officer of MetLife Inc., was quoted in the Press Release saying "Chris will be an outstanding leader of our Asia region, he is a proven executive who knows how to drive profitable growth across multiple distribution channels. In 2011, MetLife's Asia region generated $ 8.7 billion in premiums, fees and other revenues and more than $ 850 million in operating earnings".