MetLife already has a head office in Dublin
An international insurance firm is to create 200 new jobs in Galway.
MetLife has officially opened its new global technology campus.
The company has had an Irish presence since 2002, with Dublin operating as a hub for MetLife Europe.
However the company has no consumer business in Ireland.
Tánaiste and Minister for Business Frances Fitzgerald, also attended the opening.
"This is an extremely exciting project, and the Irish Government is very pleased that our ongoing work in driving competitiveness and providing quality skills is paying dividends in attracting cutting-edge projects like this.
"This development will see a further 200 people employed in Ireland and we look forward to our continued fruitful relationship with MetLife in both its Galway and Dublin operations, well into the future."
Great to be in Galway for opening of Metlife technology campus & announcement of 200 Jobs pic.twitter.com/DPro4OXH34— Frances Fitzgerald (@FitzgeraldFrncs) November 7, 2017
Marty Lippert, head of MetLife Global Technology and Operations, said: "Digital innovation continues to reshape our lives and the way we view the future, and it reinforces the reality that every company needs to become a technology company in order to survive"
"Our new global technology campus in Galway will be a dynamic centre of change, and it will be at the heart of creating the digital solutions that will transform how our customers interact with us every day around the globe."
Including its existing office in Dublin, MetLife's Irish presence is set to grow to more than 500 employees once recruitment at the new campus is complete.
Michel Khalaf, president of MetLife US and EMEA, added: "Just as we have done in Dublin, we look forward to growing our workforce here in Galway in the coming years and contributing fully to the local community.
"Today is confirmation of our strong and successful link with Ireland and represents a vote of confidence in that relationship into the future."
Insurance Ireland says the Galway operation is "a major boost" to the insurance industry here.
Kevin Thompson, CEO of Insurance Ireland, said: "MetLife’s decision, announced last year, to locate its global technology campus in Galway is a major boost to the region and Ireland’s position as an international hub for insurance and insurance technology.
"Innovation is a key driver of insurance business growth internationally and Ireland has developed its own ‘InsurTech’ ecosystem that is underpinned by a strong pool of talent."