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                    [ArticleID] => 230311
                    [Title] => Reinsurance industry consolidates; Universal, Malayan groups merge
                    [Summary] => Universal Reinsurance Corp. (Universal Re) and Malayan Reinsurance Corp. (Malayan Re) have merged operations, resulting in the shrinking of the local reinsurance industry.


Malayan Re chief executive Matias  Simbulan said the "merger of equals" would result in the surviving entity, after completion of the detailed talks as well as fulfillment of government requirements, known as the Universal Malayan Reinsurance Corp.


Unofficial estimates place the merged reinsurers’ resources of over P1 billion.


                    [DatePublished] => 2003-12-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 217744
                    [Title] => Universal Re, Malayan Reagree to merge
                    [Summary] => Universal Reinsurance Corp. (Universal Re) and Malayan Reinsurance Corp. (Malayan Re)  have agreed to merge resulting in the creation of Universal  Malayan Reinsurance Corp. (URC) with a premium base of roughly P1 billion


A reinsurance company offers additional protection for insurers that have huge accounts but are unable to cover the entire policy.


"It is really a joint venture but the surviving entity will be Universal Re," Universal Re chief finance officer Romeo Carabeo said.


                    [DatePublished] => 2003-08-19 00:00:00
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                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
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UNIVERSAL RE

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                    [Title] => Reinsurance industry consolidates; Universal, Malayan groups merge
                    [Summary] => Universal Reinsurance Corp. (Universal Re) and Malayan Reinsurance Corp. (Malayan Re) have merged operations, resulting in the shrinking of the local reinsurance industry.


Malayan Re chief executive Matias  Simbulan said the "merger of equals" would result in the surviving entity, after completion of the detailed talks as well as fulfillment of government requirements, known as the Universal Malayan Reinsurance Corp.


Unofficial estimates place the merged reinsurers’ resources of over P1 billion.


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                    [ColumnID] => 133272
                    [Focus] => 0
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                    [ArticleID] => 217744
                    [Title] => Universal Re, Malayan Reagree to merge
                    [Summary] => Universal Reinsurance Corp. (Universal Re) and Malayan Reinsurance Corp. (Malayan Re)  have agreed to merge resulting in the creation of Universal  Malayan Reinsurance Corp. (URC) with a premium base of roughly P1 billion


A reinsurance company offers additional protection for insurers that have huge accounts but are unable to cover the entire policy.


"It is really a joint venture but the surviving entity will be Universal Re," Universal Re chief finance officer Romeo Carabeo said.


                    [DatePublished] => 2003-08-19 00:00:00
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abtest

Reinsurance industry consolidates; Universal, Malayan groups merge

By Ted P. Torres | December 4, 2003 - 12:00am

Universal Reinsurance Corp. (Universal Re) and Malayan Reinsurance Corp. (Malayan Re) have merged operations, resulting in the shrinking of the local reinsurance industry. Malayan Re chief executive Matias Simbulan...

Business

Universal Re, Malayan Reagree to merge

By Ted P. Torres | August 19, 2003 - 12:00am

Universal Reinsurance Corp. (Universal Re) and Malayan Reinsurance Corp. (Malayan Re) have agreed to merge resulting in the creation of Universal Malayan Reinsurance Corp. (URC) with a premium base of roughly P1...

Business