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Alico is now part of MetLife
On November 1, 2010, MetLife, Inc. completed its purchase of American Life Insurance Company. This deal brings together two well-established, international businesses with proven track records of growth. The combination creates a global life insurance and employee benefits powerhouse and will give our customers even more ways to protect their future.
Together, we will offer:
• a broader portfolio of products serving more people in more areas
• innovative products and services, delivered with a proven record of local know-how
• the financial strength of the premier global life insurer
MetLife’s acquisition of Alico is consistent with MetLife’s international growth strategy. It accelerates the company’s global growth as Alico operates in more than 60 countries, and the transaction affirms MetLife’s position as a global leader. MetLife’s and Alico’s businesses are highly complementary. The combination enhances and balances MetLife’s geographic and product mix, and significantly increases MetLife’s distribution power.
MetLife press release
01/11/2010
MetLife completes acquisition of Alico
AIG press release
08/03/2010
AIG to sell Alico to MetLife for approximately $15.5 billion
Alico policyholder letter
08/03/2010
Alico letter to policyholders on the MetLife transaction
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