Utilize the input text as a context reference, choose the right relationship between Pacific Life and insurance from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

“The Australian market has undergone a fair amount of disruption in the life insurance space over the last few years so we see this as a unique opportunity to bring a fresh approach to supporting Australian insurers.” Pacific Life Re Division CEO, Dave Howell, also commented, “This licence represents a further expansion of the global Pacific Life Re brand and proposition.

Answer: industry