+ Follow MANULIFE PHILS Tag
MANULIFE PHILS
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[ArticleID] => 337037
[Title] => Manulife acquires another life insurance firm
[Summary] => Manufacturers Life Insurance Co. (Philippines) Inc. has acquired Pramerica Life Insurance Co. Inc., the fourth insurance company the Canada-based insurer acquired in a span of four years. Both companies are ranked within the top 10 life insurance companies in the Philippines. Pramerica is the local unit of Prudential Financial, one of the largest life insurance companies in the US.
[DatePublished] => 2006-05-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 260740
[Title] => Manulife Phils net sales up 16%
[Summary] => The combined Philippine operations of Manulife Philippines experienced total new sales growth of 16 percent for the first six months compared with the same period last year, while total gross premium increased by 14 percent.
Manulife Phils. is a subsidiary of global financial giant Manulife Financial Corp. of Canada.
With the merger of Manulife Financial with John Hancock Financial Services Inc. of the US last April, the John Hancock in-force block was transferred to Manulife Philippines via an assumption reinsurance agreement in June this year.
[DatePublished] => 2004-08-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[2] => Array
(
[ArticleID] => 254165
[Title] => Insular Life expects premium income to hit P7.4B this yr
[Summary] => Insular Life Assurance Co., the third largest life insurance firm in the country, is targeting a premium income of P7.4 billion and a net income of roughly P960 million this year.
The target figures indicate that Insular Life would post an average growth rate of 15 percent for both premium and net income this year. Premium income for 2003 was recorded at P6.4 billion while net income stood at P836 million.
The company’s first-year premiums (FYP) last year was at an impressive P2 billion, buoyed mainly by single premiums and dollar-denominated products.
[DatePublished] => 2004-06-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 194870
[Title] => How M&M got together
[Summary] => A few years back, Manulife Phils. vice-president for marketing Jose Ma. Ignacio experienced first-hand how child-unfriendly some hospitals can be.
His son got confined during the rash of dengue cases.
"Imagine a three-year-old boy being stuck with needles for intravenous treatment. Hospital experience was already traumatic in itself. The ambiance seemed to breed a more foreboding atmosphere," he said.
[DatePublished] => 2003-02-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1212707
[AuthorName] => Carla Paras-Sison
[SectionName] => Business As Usual
[SectionUrl] => business-as-usual
[URL] =>
)
[4] => Array
(
[ArticleID] => 194117
[Title] => Manulife doubles sales force by 2004
[Summary] => Manufacturers Life Insurance Company Philippines Inc. (Manulife Philippines) is looking at crowding industry leaders Philippine American Life and General Assurance Corp. (Philamlife), Sun Life of Canada (Phils.) Inc., and Insular Life Assurance Co. in the next two years.
[DatePublished] => 2003-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[5] => Array
(
[ArticleID] => 182724
[Title] => IC orders liquidation of 7 insurers; 3 more lined up
[Summary] => Seven non-life insurance companies has been ordered for liquidation while three more have been placed under receivership by the Insurance Commission (IC) for capital inadequacy and margin of solvency deficiency.
All nine firms were issued a cease and desist order (CDO) barring them from continuing business such as issuance of bonds, sale of non-life insurance products like fire insurance, motor or vehicle insurance.
[DatePublished] => 2002-11-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[6] => Array
(
[ArticleID] => 180894
[Title] => More M&As seen as insurance sector consolidates
[Summary] => Manufactures Life Insurance Co. Philippines Inc. (Manulife Phils.) acquisition of the Philippine operations of CMG Life Insurance Co. (CMG Life) did not come as a surprise to the country’s insurance industry.
The Manulife-CMG Life deal is merely a continuation of the consolidation of the country’s insurance industry in the face of a weakening Philippine economy, low interest rates, various levels of recession in the Japan, European and the US economies, and competition from other financial markets.
[DatePublished] => 2002-10-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[7] => Array
(
[ArticleID] => 180355
[Title] => Manulife confirms acquisition of CMG
[Summary] => Manufacturers Life Insurance Co. Philippines Inc., the local unit of Manulife Financial Corp. of Canada, confirmed yesterday The STAR report last Monday that it was acquiring CMG Life Insurance Co. Inc., the Commonwealth Bank of Australia’s life insurance division in the country.
"The Philippines is an important market for Manulife Financial Asia and we have long sought a strategic opportunity to expand our presence here," Manulife general manager for Asia Vic Apps told a new conference.
[DatePublished] => 2002-10-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 179815
[Title] => Manulife takes over RP unit of CMG Life
[Summary] => Canadian insurer Manufacturers Life Insurance Company Philippines Inc. (Manulife Philippines) is taking over the Philippine operations of CMG Life Insurance Co. Inc. (CMG Life).
Manulife Phils. Was ranked fifth among the life insurance companies in the Philippines last year while CMG Life placed 11th overall.
[DatePublished] => 2002-10-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 171034
[Title] => Manulife registers 16% premium growth in 1st semester
[Summary] => Canadian insurer Manufacturers Life Insurance Company Philippines Inc. (Manulife Philippines) reported a 16-percent growth in total premiums.
In terms of new sales, Manulife Philippines reported a 39-percent increase in the first semester of the year compared to the same period last year. In the second quarter alone, first-year premiums grew by 54 percent over the previous three months.
[DatePublished] => 2002-08-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
)
)
abtest
August 10, 2004 - 12:00am
February 4, 2003 - 12:00am
