AXA Philippines, Charter Ping An merger gets SEC nod

In a statement on Thursday, AXA Philippines said its merger with Charter Ping An was approved by the SEC on December 28, 2022.

The insurance company said the SEC approval was the final step in the years-long process that began when AXA Philippines acquired Charter Ping An in 2016. Customers of Charter Ping An will not be affected by the merger, and all current policies will remain valid and are considered active and in force, subject to the relevant terms and conditions of their insurance policies, the company said.

With the merger, AXA Philippines said it is better able to protect all that matters to its customers by providing them with an enhanced and robust suite of insurance products—from life, health, savings, and investments to car and home insurance products, to name a few.

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Merger of AXA Philippines and Charter Ping An gets SEC nod - BusinessWorld OnlineTHE Securities and Exchange Commission (SEC) has approved the merger of AXA Philippines and Charter Ping An Insurance Corp., giving consumers more insurance choices under one brand. Charter Ping An is the former general insurance unit of AXA Philippines, which is a joint venture between Metropolitan Bank and Trust Co., GT Capital Holdings, Inc., and […]
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