Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 219500
                    [Title] => AsianLife Financial offers salary loans
                    [Summary] => AsianLife Financial Assurance Corp. (ALFA), formerly known as All Asia Life Assurance, is making a strong comeback with a basket full of goodies including an insurance product that serves as a salary loan.


ALFA is a subsidiary of regional financial giant ATR-Kim Eng Financial Corp. It acquired troubled All Asia Life last year and became full operational in March this year.


                    [DatePublished] => 2003-09-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 218952
                    [Title] => ATR-Kim Eng Financial reaches full-year income target in 7 mos
                    [Summary] => After only seven months, the life insurance unit of Filipino-Singaporean investment house ATR-Kim Eng Financial Corp. has reached its full-year target in terms of gross premium income.


ATR-Kim Eng Financial, one of the largest non-bank investment companies in the country, acquired All Asia Life Assurance and renamed it AsianLife Financial Assurance Corp. (ALFA). It started full operations only last June  as its restructuring started in the first quarter of 2003.


The investment firm is also operating AsianLife General Assurance Corp. (ALGA).


                    [DatePublished] => 2003-08-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 180894
                    [Title] => More M&As seen as insurance sector consolidates
                    [Summary] => Manufactures Life Insurance Co. Philippines Inc. (Manulife Phils.) acquisition of the Philippine operations of CMG Life Insurance Co. (CMG Life) did not come as a surprise to the country’s insurance industry. 


The Manulife-CMG Life deal is merely a continuation of the consolidation of the country’s insurance industry in the face of a weakening Philippine economy, low interest rates, various levels of recession in the Japan, European and the US economies, and competition from other financial markets. 


                    [DatePublished] => 2002-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 175463
                    [Title] => Premium income of life insurers up 11.5%
                    [Summary] => Total premium income of the country’s life insurance industry grew 11.53 percent, or from P26.933 billion in 2000 to P30.039 billion last year based on unofficial estimates. The life industry forecasted premium growth between 15 to 16 percent.


In 1999, premium income of the life insurance industry was registered at P22.403 billion. In 1998, premiums reached P19.358 billion.


Thus in the past four years, the life industry’s premium income grew by an annual average rate of 15.82 percent.


                    [DatePublished] => 2002-09-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 173125
                    [Title] => ATRKE poised to acquire All Asia Life Assurance
                    [Summary] => ATRKE Capital, a joint venture between the ATR Holdings Group and Singaporean listed investment holding company Kim Eng, is close to signing an agreement with the All Asia Trust & Capital Group for the acquisition of the latter’s insurance unit, All Asia Life Assurance Corp.


An official of the Securities and Exchange Commission said ATRKE Capital is in the process of finalizing an agreement for its acquisition of a majority interest in All Asia Life. The SEC official said both parties are trying to iron out some minor details before an agreement can be signed.


                    [DatePublished] => 2002-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 166884
                    [Title] => Manulife acquires orphaned policies of defunct Metlife
                    [Summary] => Canadian insurer Manufacturers Life Insurance Corp. Philippines Inc. (Manulife Philippines) has acquired the life insurance policies of Metlife Insurance Corp. of the Philippines (Metlife Philippines).


The US-based Metlife Phils. packed its bags in February this year after failing to meet its targets in 2001. The company obtained its operating license in September 2000.


Acquired by Manulife Phils. are a little over 100 life insurance policies under an assumption reinsurance agreement with Metlife Phils. The Insurance Commission (IC) approved the agreement recently.


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 166991
                    [Title] => Manulife acquires orphaned policies of defunct Metlife
                    [Summary] => Canadian insurer Manufacturers Life Insurance Corp. Philippines Inc. (Manulife Philippines) has acquired the life insurance policies of Metlife Insurance Corp. of the Philippines (Metlife Philippines).


The US-based Metlife Phils. packed its bags in February this year after failing to meet its targets in 2001. The company obtained its operating license in September 2000.


Acquired by Manulife Phils. are a little over 100 life insurance policies under an assumption reinsurance agreement with Metlife Phils. The Insurance Commission (IC) approved the agreement recently.


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 166386
                    [Title] => IC gives All Asia Life more time to raise its capital
                    [Summary] => The Insurance Commission (IC) has extended to September the deadline for All Asia Life Assurance Corp. to fill its capital deficiency.


"It is the final extension. If they fail again, we have to enforce the law," said IC Commissioner Eduardo T. Malinis.


The original deadline was set for end June this year. But the insurer sought an extension saying it was waiting for the court to issue what they expect to be a favorable decision involving certain properties, which would be used to fill up its capital deficiency of P123.4 million.


                    [DatePublished] => 2002-06-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 138205
                    [Title] => All Asia Life gets more time
                    [Summary] => All Asia Life Assurance Corp. (All Asia Life) got another lease on life as the Insurance Commission (IC) extended to mid-November its decision on the issuance of a license for the insurance firm.


All Asia Life was reportedly able to submit last week documents covering the remaining P123.4-million capital deficiency. Among these documents are proof of ownership of the property in question, an appraiser’s report, proof of non-encumbrances in tax responsibilities, and others.


                    [DatePublished] => 2001-10-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 134378
                    [Title] => All Asia Capital seeks advisor for rehab plan
                    [Summary] => All Asia and Trust Corp. (AACTC) is looking for a financial advisor for its rehabilitation plan.


An AACTC source said they plan to tap a locally-based financial and consultancy firm such as SGV & Co.


                    [DatePublished] => 2001-09-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ALL ASIA LIFE

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 219500
                    [Title] => AsianLife Financial offers salary loans
                    [Summary] => AsianLife Financial Assurance Corp. (ALFA), formerly known as All Asia Life Assurance, is making a strong comeback with a basket full of goodies including an insurance product that serves as a salary loan.


ALFA is a subsidiary of regional financial giant ATR-Kim Eng Financial Corp. It acquired troubled All Asia Life last year and became full operational in March this year.


                    [DatePublished] => 2003-09-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 218952
                    [Title] => ATR-Kim Eng Financial reaches full-year income target in 7 mos
                    [Summary] => After only seven months, the life insurance unit of Filipino-Singaporean investment house ATR-Kim Eng Financial Corp. has reached its full-year target in terms of gross premium income.


ATR-Kim Eng Financial, one of the largest non-bank investment companies in the country, acquired All Asia Life Assurance and renamed it AsianLife Financial Assurance Corp. (ALFA). It started full operations only last June  as its restructuring started in the first quarter of 2003.


The investment firm is also operating AsianLife General Assurance Corp. (ALGA).


                    [DatePublished] => 2003-08-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 180894
                    [Title] => More M&As seen as insurance sector consolidates
                    [Summary] => Manufactures Life Insurance Co. Philippines Inc. (Manulife Phils.) acquisition of the Philippine operations of CMG Life Insurance Co. (CMG Life) did not come as a surprise to the country’s insurance industry. 


The Manulife-CMG Life deal is merely a continuation of the consolidation of the country’s insurance industry in the face of a weakening Philippine economy, low interest rates, various levels of recession in the Japan, European and the US economies, and competition from other financial markets. 


                    [DatePublished] => 2002-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 175463
                    [Title] => Premium income of life insurers up 11.5%
                    [Summary] => Total premium income of the country’s life insurance industry grew 11.53 percent, or from P26.933 billion in 2000 to P30.039 billion last year based on unofficial estimates. The life industry forecasted premium growth between 15 to 16 percent.


In 1999, premium income of the life insurance industry was registered at P22.403 billion. In 1998, premiums reached P19.358 billion.


Thus in the past four years, the life industry’s premium income grew by an annual average rate of 15.82 percent.


                    [DatePublished] => 2002-09-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 173125
                    [Title] => ATRKE poised to acquire All Asia Life Assurance
                    [Summary] => ATRKE Capital, a joint venture between the ATR Holdings Group and Singaporean listed investment holding company Kim Eng, is close to signing an agreement with the All Asia Trust & Capital Group for the acquisition of the latter’s insurance unit, All Asia Life Assurance Corp.


An official of the Securities and Exchange Commission said ATRKE Capital is in the process of finalizing an agreement for its acquisition of a majority interest in All Asia Life. The SEC official said both parties are trying to iron out some minor details before an agreement can be signed.


                    [DatePublished] => 2002-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 166884
                    [Title] => Manulife acquires orphaned policies of defunct Metlife
                    [Summary] => Canadian insurer Manufacturers Life Insurance Corp. Philippines Inc. (Manulife Philippines) has acquired the life insurance policies of Metlife Insurance Corp. of the Philippines (Metlife Philippines).


The US-based Metlife Phils. packed its bags in February this year after failing to meet its targets in 2001. The company obtained its operating license in September 2000.


Acquired by Manulife Phils. are a little over 100 life insurance policies under an assumption reinsurance agreement with Metlife Phils. The Insurance Commission (IC) approved the agreement recently.


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 166991
                    [Title] => Manulife acquires orphaned policies of defunct Metlife
                    [Summary] => Canadian insurer Manufacturers Life Insurance Corp. Philippines Inc. (Manulife Philippines) has acquired the life insurance policies of Metlife Insurance Corp. of the Philippines (Metlife Philippines).


The US-based Metlife Phils. packed its bags in February this year after failing to meet its targets in 2001. The company obtained its operating license in September 2000.


Acquired by Manulife Phils. are a little over 100 life insurance policies under an assumption reinsurance agreement with Metlife Phils. The Insurance Commission (IC) approved the agreement recently.


                    [DatePublished] => 2002-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 166386
                    [Title] => IC gives All Asia Life more time to raise its capital
                    [Summary] => The Insurance Commission (IC) has extended to September the deadline for All Asia Life Assurance Corp. to fill its capital deficiency.


"It is the final extension. If they fail again, we have to enforce the law," said IC Commissioner Eduardo T. Malinis.


The original deadline was set for end June this year. But the insurer sought an extension saying it was waiting for the court to issue what they expect to be a favorable decision involving certain properties, which would be used to fill up its capital deficiency of P123.4 million.


                    [DatePublished] => 2002-06-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 138205
                    [Title] => All Asia Life gets more time
                    [Summary] => All Asia Life Assurance Corp. (All Asia Life) got another lease on life as the Insurance Commission (IC) extended to mid-November its decision on the issuance of a license for the insurance firm.


All Asia Life was reportedly able to submit last week documents covering the remaining P123.4-million capital deficiency. Among these documents are proof of ownership of the property in question, an appraiser’s report, proof of non-encumbrances in tax responsibilities, and others.


                    [DatePublished] => 2001-10-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 134378
                    [Title] => All Asia Capital seeks advisor for rehab plan
                    [Summary] => All Asia and Trust Corp. (AACTC) is looking for a financial advisor for its rehabilitation plan.


An AACTC source said they plan to tap a locally-based financial and consultancy firm such as SGV & Co.


                    [DatePublished] => 2001-09-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest