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BDO Acquires Full Control of Life Insurance

15 Jun

BDO Unibank (BDO) has taken full control of its life insurance entity while joint venture partner, Generali Group, has decided to focus on its non-life insurance .

BDO will take full control of GPHC and GPLAC, which will be renamed BDO Assurance Holdings Corp. and BDO Life Assurance Co. Inc. respectively.

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Meanwhile, Generali will take full control of GPIC and continue to operate in the Philippines, which is part of its Asia-wide operations.

By assuming full control of the GPHC and GPLAC insurance operations, BDO said it would be able to adapt more readily to the demands of its target markets.

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Posted by on June 15, 2015 in BDO, Corporate News, Stock Market

 

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