AXA Philippines completes acquisition of Charter Ping An Insurance

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5 Apr, 2016 | 03:34

Author Mark Louie Bonayon
Theme Banking Insurance

said April 4 that , or AXA Philippines, completed the of 100% of Charter Ping An Insurance Corp. from for €40million.

Theacquisition allows AXA to offer property and casualty insurance products alongsideits current range of life and savings products. AXA also extends itsbancassurance partnership with GT Capital and , orMetrobank, to include the distribution of P&C insurance products.

AXA Philippines is owned 45% by AXA, 25% by GT Capital and28% by Metrobank.