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                    [ArticleID] => 152392
                    [Title] => US firm, local bank form bancassurance alliance
                    [Summary] => New York Life Insurance (Philippines) Inc. (New York Life) is holding talks with a domestic commercial bank to form a business alliance called bancassurance. New York Life, with an initial capital of P450 million, is a subsidiary of global insurer New York Life International.


Officials refused to give details of the talks except that they hope to finalize and formalize the alliance before the end of the first half this year.


"All we can say it that it is a local bank with extensive reach and an alliance with several foreign financial institutions," they said.

                    [DatePublished] => 2002-03-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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CIGNA LIFE INSURANCE CORP

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                    [ArticleID] => 152392
                    [Title] => US firm, local bank form bancassurance alliance
                    [Summary] => New York Life Insurance (Philippines) Inc. (New York Life) is holding talks with a domestic commercial bank to form a business alliance called bancassurance. New York Life, with an initial capital of P450 million, is a subsidiary of global insurer New York Life International.


Officials refused to give details of the talks except that they hope to finalize and formalize the alliance before the end of the first half this year.


"All we can say it that it is a local bank with extensive reach and an alliance with several foreign financial institutions," they said.

                    [DatePublished] => 2002-03-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
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abtest

US firm, local bank form bancassurance alliance

By Ted P. Torres | March 2, 2002 - 12:00am

New York Life Insurance (Philippines) Inc. (New York Life) is holding talks with a domestic commercial bank to form a business alliance called bancassurance. New York Life, with an initial capital of P450 million,...

Business