Banking & Insurance
Pru Life UK strengthens leadership in the Philippines
Pru Life UK has boosted its position as top life insurer in the Philippines, based on its performance for 2024. According to the Insurance Commission, the insurer reported a new business annual premium equivalent (NBAPE) of P9.8 billion, leading the industry and marking a 33 percent quarter-on-quarter growth in Q4 2024.
BPI unveils first “phygital” branch in Mindanao
The Bank of the Philippine Islands (BPI), led by the Ayala Group, has launched its first-ever "phygital" branch in Mindanao, marking a new era in customer banking.
BDO supports NAIA modernization with P80B funding
BDO Unibank Inc. (BDO) continues to play a role in advancing the national infrastructure, reaffirming its support for projects that drive sustainable growth.
Ayala Corp. secures first yen-denominated loan for $200M
Conglomerate Ayala Corp. has successfully signed its first yen-denominated term loan, totaling approximately USD200 million, or P11.5 billion, marking a significant milestone in its corporate financing strategy.
Ride-hailing firms manage contingent driver risks with AXA, Philinsure cover
Grab Philippines and motorcycle taxi platform MOVE IT have tapped AXA Philippines and PhilPacific Insurance Brokers & Managers, Inc. (Philinsure) to strengthen the social protection of their driver, delivery, and rider-partners.
