Banking & Insurance
A.M. Best affirms Malayan Insurance’s strong financial foundation
The Malayan Insurance Co. Inc. (Malayan Insurance) has maintained its financial strength rating of B++ (Good) from the insurance industry-focused rating agency A. M. Best.
Digital insurer provides traveling Pinoys protection for the price of a meal
Advanced Abilities’ insurance marketplace platform Policymate, and Advanced eSIM have joined forces in offering travel insurance under its Travel Safely, Connect Freely program at prices comparable to the price of meal in Metro Manila.
Treasury bonds due 2039 fetch lower rate at auction; entire P25 billion offer awarded
The Bureau of the Treasury fully awarded the entire P25 billion worth of bonds due January 2039, amid strong demand and lower-than-secondary-market rates offered by bidders.
Pru Life UK reports industry high Q2 NBAPE of P4.8 billion
The insurer Pru Life UK on Tuesday reported a stellar second-quarter performance thus far this year.
Security Bank raises P20 billion from fixed-rate bond due 2029; bonds listed on PDEx
Security Bank Corp., the 10th largest lender in the country, said Tuesday it raised P20 billion through the issuance of Fixed-Rate Peso Corporate Bonds due in 2029 that carry an annual interest rate of 6.05 percent.
