Latest Philippines Headlines
All the headlines from our Philippines Topic Page, ordered by recency.
AXA Completes Acquisition of Charter Ping An Insurance in Philippines
Apr 5 2016 // AXA Philippines announced it has completed the acquisition of Charter Ping An Insurance Co. for €40 million ($45.6 million) from GT Capital. The acquisition of CPA, the fifth largest non-life insurer in the Philippines,...
Bangladesh Launches Cyber Heist Probe; Cash Packed into Manila Banker’s Car
Mar 18 2016 // Bangladesh police launched a criminal investigation on Thursday into the cyber theft of $81 million from the central bank’s U.S. account but said it was too early to pinpoint any suspects. The money was transferred...
Bangladesh Cyber Bank Heist Prompts Scrutiny of Cyber Security Measures
Mar 16 2016 // A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1...
Typhoon Melor Hits Philippines with Fierce Winds and Flooding: AIR
Dec 16 2015 // A report from catastrophe modeling firm AIR Worldwide, describes Super Typhoon Melor, known locally as Nona, as having struck the Philippines on Monday, December 14, 2015, at around 3:00 UTC (11:00 a.m. local time) near...
Louisiana Hosts Saudi Arabia, Philippines Insurance Regulators
Nov 17 2015 // The Louisiana Department of Insurance is hosting insurance regulators from Saudi Arabia and the Philippines as part of the National Association of Insurance Commissioners (NAIC) International Fellows Program. First...
AXA to Buy Charter Ping An in Philippines, Eyeing P&C Growth Opportunities
Nov 9 2015 // AXA Philippines announced it will acquire 100 percent of Charter Ping An Insurance Corp. from GT Capital for 45 million euros ($48.3 million). The acquisition will enable AXA Philippines to offer property & casualty...
AIR Analyzes Typhoon Koppu’s Heavy Flooding Impact on the Philippines
Oct 20 2015 // A report from catastrophe modeling firm AIR Worldwide highlights “widespread flooding, landslides, wrecked roads and bridges, downed trees, and power outages” in the Philippines in the wake of Typhoon...
Slow Moving Typhoon Koppu Kills 4 in Philippines, Displaces Thousands
Oct 19 2015 // Typhoon Koppu left at least four people dead in the Philippines, shutting schools and government offices, while floods and landslides continue to threaten the nation’s main Luzon Island. The slow-moving and powerful...
Typhoon Koppu (a.k.a. Lando) to Hit Philippines with Heavy Rainfall Warnings
Oct 16 2015 // Typhoon Koppu is gaining strength and looks likely to deliver heavy rainfall over parts of Luzon in the northern Philippines this weekend and early next week, which may trigger dangerous flooding and mudslides, according...
Tropical Storm Koppu Forms in Pacific, Heading Toward Philippines, East Asia
Oct 14 2015 // Tropical Storm Koppu, which formed Tuesday in the Pacific Ocean, is heading west in a direction that may bring it ashore in the northern Philippines later this week. The system is forecast to continue its track west...
Global Property Insurance Premiums Top $360 Billion: Finaccord Survey
Oct 12 2015 // As of the end of 2014 the worldwide property insurance market was worth $360.5 billion in gross written premiums with household (homeowners’) policies making up 54 percent of this total, according to a survey...
ACE Appoints van Ratingen as Country President for the Philippines
Jul 9 2015 // ACE Group announced the appointment of Peter van Ratingenas its new country president for its general insurance operation in the Philippines. He succeeds Daniel Daly, who will retire on July 31, 2015. In his role as...
As Strong El Nino Looms, Cloud Seeding Gets a Tailwind
Jul 8 2015 // Circling thousands of feet above Tasmania’s farmland in a light aircraft, Christina Nebel prepares to release tiny chemical particles as part of a cloud-seeding scheme estimated to have helped boost rainfall on the...
El Nino Emerges; Asia-Pacific Region Faces Months of Disruptive Weather
May 13 2015 // In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its...
Super Typhoon Noul Delivers Glancing Blow to the Philippines: AIR Analysis
May 12 2015 // According to catastrophe modeling firm AIR Worldwide, Super Typhoon Noul “made a brief landfall along the mountainous northeastern tip of the main Philippine island of Luzon near the small city of Santa Ana, late...
Philippines Eyes Catastrophe Bonds to Cut Post-Typhoon Rebuilding Costs
Apr 17 2015 // The Philippines suffered $13 billion of damage when Super Typhoon Haiyan tore through the country in 2013, a year after another storm killed 1,067. Now, the nation is looking at defraying the costs of future calamities...
Philippines Warns Tourists to Take Precautions as Typhoon Maysak Approaches
Apr 2 2015 // The Philippines is urging tourists to take precautions or cut short Easter vacations, and may evacuate thousands of people in the path of approaching Typhoon Maysak. The storm may affect as many as a million people, the...
Philippines Braces for Super Typhoon Maysak; People Head to Beaches
Apr 1 2015 // The Philippines placed its military on its highest alert level and asked millions of people heading to beach resorts for Easter holidays to prepare for Super Typhoon Maysak, a category-5 storm expected to hit land on April...
AccuWeather.com: Hagupit-Battered Philippines Faces New Tropical Downpours
Dec 12 2014 // AccuWeather Global Weather Center reports in the wake of the devastating storm Hagupit, a new round of tropical downpours threatens to hinder cleanup efforts and renew flooding problems across the Philippines to end the...
Update: Tropical Storm Hagupit Hits Central Philippines; 21 People Killed
Dec 8 2014 // More than 21 people were killed as heavy rain and winds lashed the central Philippines, while a weakened storm Hagupit headed toward Manila. The government shut state offices and trading of stocks, bonds and currencies was...
