MetLife and Citigroup announced that they have entered into a 10-year distribution agreement that will allow MetLife to provide credit insurance products to Citi clients in 15 markets through 2025. This agreement expands upon an existing distribution agreement between MetLife and Citi that will expire in 2015. Financial terms of the agreement were not disclosed.

Building on MetLife and Citi's longstanding partnership, this new arrangement makes MetLife and its affiliates the underwriter or reinsurer of credit insurance products to Citi clients in 15 countries, 13 exclusively, across Asia, Europe, the Middle East, Africa and Latin America through 2025. The products will be available to Citi retail bank and credit card clients in Australia, Argentina, Brazil, Bahrain, Czech Republic, Egypt, Greece, Indonesia, Malaysia, Philippines, Poland, Russia, Spain, Thailand and the UAE.