Latest Philippines Headlines
All the headlines from our Philippines Topic Page, ordered by recency.
S&P: Outlooks on Most Asia-Pacific Insurance Markets is Stable
Jul 5 2007 // The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance...
Best Affirms MICO’s ‘B++’ Ratings
Jan 30 2007 // A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of the Philippine-based Malayan Insurance Company Inc. (MICO) with a stable...
Powerful Typhoon Kills 83 in China
Aug 11 2006 // The most powerful typhoon to hit China in five decades raged across its southeastern coast Thursday, claiming at least 83 lives as it capsized ships, destroyed buildings and forced 1.5 million people from their...
Best Affirms FSR for Malayan Insurance
Jan 9 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Very Good) and assigned an issuer credit rating (ICR) of “bbb” to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook on both...
Best Affirms Malayan Ins. ‘B++’ Rating
Jan 6 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “B++” (Very Good) and assigned an issuer credit rating (ICR) of “bbb” to Malayan Insurance Company, Inc. (MICO)...
Best Assigns FSR for Malayan Insurance Co. Inc.
Apr 7 2005 // A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook is stable. The rating reflects MICO’s excellent capitalization, leading...
S&P Withdraws Rating on UMRE on Merger Talks with National Re
Dec 9 2004 // Standard & Poor’s Ratings Services announced that it has withdrawn its “Bpi” issuer credit rating and financial strength rating on Universal Malayan Reinsurance Corp. (UMRE). “The withdrawal is...
Zurich to Sell Philippine P/C and Life Business
Nov 4 2003 // Zurich Financial Services Group announced that it has signed an agreement for the sale of its wholly owned Non-life subsidiary in the Philippines, Zurich General Insurance Philippines, Inc., to Standard Insurance Company,...
Former Gov. of Philippines Booked on $2 Mil Felony Warrant
Jun 30 2003 // Eduardo Rodriguez, 61, a former governor of Quezon Province in the Philippines, was held to answer on multiple charges, including reportedly faking the deaths of his mother-in-law and wife to illegally collect more than...
AIR Releases New Models for the Asia-Pacific Region
Nov 26 2002 // AIR Worldwide Corporation (AIR), one of the leading providers in catastrophe modeling and weather risk management, announced the release of new typhoon and earthquake models for the Asia-Pacific region. “The new...
RMS Expands Geographical Coverage of Catastrophe Models
Aug 23 2002 // California-based Risk Management Solutions (RMS) has expanded its catastrophe modeling capabilities to include windstorm risk in Ireland and Sweden, and earthquake risk in Turkey and the Philippines. The expansion brings...
California Couple Arrested for Fraud Charges
Sep 28 2001 // A husband and wife who were charged with insurance fraud by the Los Angeles County District Attorney’s Office in 1985 were arrested earlier this month after being fugitives for nearly 16 years. Imelda and Eduardo...
Prudential plc To Acquire Allstate Life Business in The Philippines, Indonesia
Apr 25 2001 // Britain’s Prudential plc will further expand its operations in Asia with the acquisition of Allstate’s majority holdings in two life insurance companies in The Philippines and Indonesia. Allstate said it was...
