MetLife Inc - proposed acquisition of Citicorp Life Insurance Limited and Citicorp General Insurance Limited
Summary
Metlife Inc - proposed acquisition of Citicorp Life Insurance Limited and Citicorp General Insurance Limited
File number
C2005/135
Industry
Insurance
Outcome
Not Opposed
Date completed
27th April 2005
Market definition
The supply of direct life insurance and life reinsurance in Australia.
Competition analysis
There is no overlap between Metlife (which has an interest in a life reinsurer in Australia) and Citicorp (which is primarily involved in direct life insurance, as it ceased writing general insurance in 2000).
