MITSUI MARINE

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                    [ArticleID] => 165938
                    [Title] => Mega non-life insurer formed
                    [Summary] => The merger between the Bank of the Philippine Islands (BPI) and Mitsui Sumitomo Insurance Company of Japan has created one of the biggest non-life insurance companies in the country with a consolidated gross premium of roughly P1.793 billion in 2001. The previous year, gross premiums was P1.613 billion.


BPI/MS Insurance now has a working capital of P300 million and 1,000 agents and brokers. Net underwriting income before expenses reached P365.8 million and net income was P142.9 million.


                    [DatePublished] => 2002-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 165198
                    [Title] => BPI, Malayan merger results in 1 of RP’s biggest insurance firms
                    [Summary] => The merger between the Bank of the Philippine Islands (BPI) and Mitsui Sumitomo Insurance Co. of Japan has created one of the biggest non-life insurance companies in the country, with consolidated gross premiums of roughly P1.793 billion in 2001, up from P1.613 billion recorded in the same period last year.


Sectoral leader Malayan Insurance Co. Inc. is the only non-life insurer that registered gross premiums of over P2 billion in 2000. Malayan grew 7.61 percent last year, from P1.865 billion in 1999.


                    [DatePublished] => 2002-06-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 144375
                    [Title] => Standard Insurance eyes merger with another insurance company
                    [Summary] => Standard Insurance Co. Inc., ranked among the top 10 in terms of gross premiums in the non-life insurance sector last year, has started a merger process which, if completed, will catapult the merged company to a place among the top five in terms of capitalization and premiums.


Standard Insurance president Ernesto T. Echauz said the merged company will be listed with the Philippine Stock Exchange (PSE). According to Echauz, the process of due diligence will start in the first quarter of 2002. 


                    [DatePublished] => 2001-12-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

Mega non-life insurer formed

June 25, 2002 - 12:00am

The merger between the Bank of the Philippine Islands (BPI) and Mitsui Sumitomo Insurance Company of Japan has created one of the biggest non-life insurance companies in the country with a consolidated gross premium...

Banking

BPI, Malayan merger results in 1 of RP’s biggest insurance firms

June 19, 2002 - 12:00am

The merger between the Bank of the Philippine Islands (BPI) and Mitsui Sumitomo Insurance Co. of Japan has created one of the biggest non-life insurance companies in the country, with consolidated gross premiums...

Business

Standard Insurance eyes merger with another insurance company

By Ted P. Torres | December 21, 2001 - 12:00am

Standard Insurance Co. Inc., ranked among the top 10 in terms of gross premiums in the non-life insurance sector last year, has started a merger process which, if completed, will catapult the merged company to a...

Business