Did i correctly read “1 Billion” Policy Holder? we pinoys are ony less than 100 million people. Where did the rest came from? perhaps from china?

Europe’s third-biggest insurer Assicurazioni Generali SpA, and

Metropolitan Bank & Trust Corp. (AXA),

Metrobank. First, It’s financially stable as the biggest bank in phil. Second, First Metro, Its asset management company,is one of the best in phil. Third, its local , very conservative and regulated by insurance commision. I would not want foreigners to mess with my investments since they tend to be affected with global forces and are precarious in their strategies, like AIG.

All are worthy suitors but I have to choose my namesake.

Generali is partly owned by Henry Sy. Tatang will win.

boy Says:
January 16th, 2009 at 6:22 pm

Did i correctly read “1 Billion” Policy Holder? we pinoys are ony less than 100 million people. Where did the rest came from? perhaps from china?

boy: I think because most of its clients have multiple policies, like educ, life,accident,..etc..that’s why it reached billion, and I think Philam has been around for more or less a century ….

There are two good suitors, that is metrobank, which has experience in filipino life insurance practice, and henry sy, who has the capability to match marketing style andp-lan as what philam really wants.

I prefer MBTC to get the deal, but the way Philam is acting I think it will take a while.

BDO is already the number 1 bank. They were the first bank to come clean with their Lehman Exposure. Metro decided to follow suit after a few days. BDO was awarded Best Bank in corporate governance.

as a metrobanker, anybody but metrobank…that would be the death of our company if we will be the one to pay once the policyholders claim from the esoteric policies (read: pre-need) this company offers

Is Phil-Am Life Insurance tag price too much for the Ayalas? Their stellar track record for good governance is well suited to Phil-Am Life’s long established goodwill and ethical business practice. Henry Sy and the Ayalas should have pooled their resources to acquire Phil-Am Life. But we don’t really know why they (Ayalas) did not put in their bid. Does anybody has a hint why?

Among other suitors, I preferred Manulife Financial Corp. of Canada. RCBC definitely NO. Remember the Pre-Need a.k.a. Ponzi scheme? Does it ring a bell? I’m glad GSIS is out. Top heavy officers of this entity will only corrupt the good and ethical employees of Phil-Am Life.

Hi Salve,

has Ayala dropped out of the race as well?

regards,

Of course… Metrobank AXA Life…..With good people

anybody except RCBC

What i am actually concerned about is the reported huge asking price for it. All of the suitors are stable enough for me except that if it is bought at a high price then the new owners will definitely want to recover their investment immediately by reducing yields of it’s existing products. This is bad for policyholders with participating plans like me whose paying period may be extended.

i agree with the comments, anybody but rcbc

how about BPI? or AYALA’s

BIG NO NO to the Yuchenco Group.
I prefer Mterobank

Mokong: Come to think of it?
90million filipinos with only less than half can afford policy and and maximum or average holding policies of 4 will not be able to reach 1 billion.

according to philam websitehttp://www.ephilam.com/AboutUs/CompanyHistory.html :
1) AIG established philam in 1947. Pls. Do the math and its not close to a centtury.
2) in 1919, AIG was first established in china.
3) and accordingly, Philam has targeted chinese but not defining which chinese are they from. But a good guess would say these are from china.

boy ener, others: sorry for the mistake. it should have read MILLION, not billion. In fact, the actual figure is more than 1.7 million policyholders for the life insurance business only. Thanks!

I prefer Metrobank’s AXA since AXA Phils. now has the strongest presence in the bancassurance business today and PhilAm can ride on that. I hope RCBC won’t be as bold as to acquire PhilAm. It has to answer first its obligations with the policyholders of Pacific Plans. It’s not the policyhoders’ fault that Pacific went into traditional educ. plans, they are in the business of risks anyway.

i prefer AXA because one of its owners, Metrobank, like Philamlife, is the largest in the industry. para ka na niyang nakasandal sa Rock of Gibraltar. (yes, i heard that BDO has overtaken Metrobank)

Just want to inquire, how to go about my fully paid CAP educational plan for my kid. Haven’t heard any rehabilitation plan or anything from the court how claimants may seek redress for their claims Help! Also have 2 paid prudential pension plans, how is prudential guys ? thanks for folks like you who assist us plain guys.

correction pls, mail, not 55 but 66

guys does anyone know how to go about claiming benefits from CAP plan holders and any updates for rehab ? and how sound is prudential ?

get some updates on this blog site.www.oursharpmindfinance.blogspot.com.
for your reading pleasures…thanks

now that philam is a part of AIA; is it true that AIG is selling AIA, and philam is a part of it?