THE Securities and Exchange Commission has approved the merger of AXA Philippines and Charter Ping An Insurance Corp., giving consumers more insurance choices under one brand.
GT Capital said that the merger will not affect the current policies and will be considered active and in force, while other existing unexpired contracts with Charter Ping An will remain valid. “Recent times have highlighted the importance of protecting what matters to us,” AXA Philippines President and Chief Executive Officer Bernardo Serrano Lopez said in a press release.
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