AXA, Charter Ping An merger ok'd

By Ed Paolo Salting

Jan 05, 2023 12:24 am

The Securities and Exchange Commission (SEC) has formally approved the merger of AXA Philippines and its former general insurance subsidiary Charter Ping An Insurance Corp.

'The approved merger is the final step in the years-long process that began when AXA acquired Charter Ping An in 2016 as it now becomes one of the first big local insurance companies to offer both life and non-life insurance under a single brand,' said GT Capital Holding Inc., one of the joint venture partners behind AXA Philippines, in a statement.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Govt ends 2024 with P16.05-T debt

SEC registrations hit record 52,304 in 2024

EMB chief: Trump tariff move could benefit PH

Fed execs warn of risks from tariffs

PH expected to post another growth miss

BSP: DBP must justify regulatory relief

Making shared finances sweet