General Insurance Article - MetLife Foundation commit USD25m to global Covid19 response

 “Supporting and protecting people is at the core of who we are and what MetLife stands for – in our business and in the Foundation’s giving,” said MetLife President and CEO Michel Khalaf. “MetLife Foundation is directing its resources to those most impacted by coronavirus. The communities where we work and live have never needed our support more, and we’re going to do everything we can to help.”

 Initial grants will support communities and people with urgent needs for food, healthcare, childcare, and direct financial support. MetLife Foundation will also stand by its existing partners on the frontlines of helping low-income people and small businesses build financial health, helping them to respond quickly to emerging needs.

 As part of this commitment, MetLife Foundation and other MetLife entities have already pledged $4 million to relief efforts in Asia, EMEA, Latin America, and the United States, including $1 million to U.S. food banks to help them deal with increased demand for their services as a result of coronavirus.

 Over time, MetLife Foundation will closely monitor the global landscape for opportunities to deploy the remaining funds where they can make the biggest difference in helping people recover from the pandemic.