The Philippine Stock Exchange (PSE) announced that AIA Philippines Life and General Insurance Company Inc. has agreed to sell its four percent stake in Philippine Dealing System Holdings Corporation (PDHSC). In a disclosure, the PSE said AIA is selling its 250,000 PDHSC shares for P150 million, or...
The Philippine Competition Commission (PCC) has approved the proposed acquisition by AIA Philippines Life and General Insurance Company Inc. (AIA Philippines) of 100 percent shares in MediCard Philippines Inc. (MediCard) stating the merger will not diminish market competition in the sector. In a...
The Insurance Commission (IC) has issued a new license to AIA Philippines Life and General Insurance Co., Inc. following its merger with Philam Equitable Life Assurance Co., Inc. (PELAC). In a statement, Insurance Commissioner Dennis B. Funa said on Thursday, April 28, that the IC needed to issue a...