Philamlife ‘for sale;’ normal operations assured - CEO

MANILA, Philippines - While its parent company looks for new partners to handle it, the Philippine American Life and General Insurance Company (Philamlife) assured its stakeholders it will be "business as usual" during the "process."

In full-page ads placed in several major newspapers Tuesday, Philamlife president and CEO Jose Cuisia Jr. said the company will focus on the daily operation of its business.

"As we continue this process, we will focus on the daily execution of our business and continue to provide our customers and distributors with the highest level of service. Please be assured that we will continue to work with the regulatory authorities to ensure that the divested assets will remain financially sound. We will continue to write new business and remain committed to meeting customers' needs,"
he said. cont...

Policy interests protected, says AIG-Philamlife

With the current financial issues in the US affecting its parent company, American International Group, Inc. (AIG), the Philippine American Life and General Insurance Co. (Philamlife) assures its customers and policy owners that their interests are protected with the company's financial strength. Read more...