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                    [Title] => Uni Re, Malayan merger forms P1-B firm
                    [Summary] => A strong local reinsurance industry capable of competing in Southeast Asia and attaining retention levels that should minimize outflow of precious foreign reserves is now clearly on the horizon.


This encouraging prospect follows the merger of two of the country’s biggest names in the Philippine reinsurance business: Malayan Reinsurance Corp. (Malayan Re) of the Yuchengcos and Universal Reinsurance Corp. (Uni Re) of the Ayalas. Both groups have equal interests in the new company.


                    [DatePublished] => 2004-03-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Banking
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YUCHENGCOS AND UNIVERSAL REINSURANCE CORP

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                    [Title] => Uni Re, Malayan merger forms P1-B firm
                    [Summary] => A strong local reinsurance industry capable of competing in Southeast Asia and attaining retention levels that should minimize outflow of precious foreign reserves is now clearly on the horizon.


This encouraging prospect follows the merger of two of the country’s biggest names in the Philippine reinsurance business: Malayan Reinsurance Corp. (Malayan Re) of the Yuchengcos and Universal Reinsurance Corp. (Uni Re) of the Ayalas. Both groups have equal interests in the new company.


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Uni Re, Malayan merger forms P1-B firm

March 30, 2004 - 12:00am

A strong local reinsurance industry capable of competing in Southeast Asia and attaining retention levels that should minimize outflow of precious foreign reserves is now clearly on the horizon. This encouraging...

Banking