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                    [ArticleID] => 350573
                    [Title] => AIG exec tapped as new president of Philam Plans
                    [Summary] => 


Global financial conglomerate American International Group Inc. (AIG) has appointed its own man, Jack Howell, as the new president and chief executive officer of Philam Plans.


Howell is only the third president and CEO of Philam Plans, taking the reins from Jesus Hofilena who led the pre-need firm to profitability and the top position in the industry in the past four years.


Hofilena has reassumed his position as executive vice-president for sales marketing and agency training.


                    [DatePublished] => 2006-08-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 302590
                    [Title] => Philam Plans scales down 2005 sales target to P8-B
                    [Summary] => 



Philam Plans Inc. is scaling down its sales target for the year to P8 billion due to continued poor investor confidence resulting from the string of controversies plaguing the pre-need industry.


In a press briefing, Philam Plans president and chief executive officer Jesus Hofilena said the company’s sales have been affected by the financial problems of other pre-need firms.


Last year, the company registered total sales of P9.8 billion.


                    [DatePublished] => 2005-10-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 292853
                    [Title] => Ceiling on benefits for open-ended pre-need plans mulled
                    [Summary] => The Securities and Exchange Commission (SEC) is inclined to grant the Federation of Philippine Pre-Need Plan Companies’ (FPPC) request for the imposition of a ceiling on the benefits paid to planholders of open-ended plans in order to ensure the survival of pre-need firms.


In open-ended plans, a pre-need firm pays the tuition of a beneficiary regardless of the amount due.  This is opposed to a fixed value plan that specifies a fixed amount the beneficiary would get come maturity.


                    [DatePublished] => 2005-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 279136
                    [Title] => Philam Plans trust fund grows to P15.3B in Q1
                    [Summary] => Amid the controversies besetting the pre-need industry,  Philam Plans Inc. continued to lead with its trust fund growing to P15.3 billion as of end-March this year, more than enough to cover obligations to planholders for the next six years.


Philam president and chief executive officer Jesus Hofilena said the company’s current trust fund level, the largest and fastest-growing trust fund in the pre-need industry to date, can more than cover for the P9.8-billion programmed benefits for the period 2006 to 2011.   


                    [DatePublished] => 2005-05-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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)

JESUS HOFILENA

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    [results] => Array
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                    [ArticleID] => 350573
                    [Title] => AIG exec tapped as new president of Philam Plans
                    [Summary] => 


Global financial conglomerate American International Group Inc. (AIG) has appointed its own man, Jack Howell, as the new president and chief executive officer of Philam Plans.


Howell is only the third president and CEO of Philam Plans, taking the reins from Jesus Hofilena who led the pre-need firm to profitability and the top position in the industry in the past four years.


Hofilena has reassumed his position as executive vice-president for sales marketing and agency training.


                    [DatePublished] => 2006-08-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 302590
                    [Title] => Philam Plans scales down 2005 sales target to P8-B
                    [Summary] => 



Philam Plans Inc. is scaling down its sales target for the year to P8 billion due to continued poor investor confidence resulting from the string of controversies plaguing the pre-need industry.


In a press briefing, Philam Plans president and chief executive officer Jesus Hofilena said the company’s sales have been affected by the financial problems of other pre-need firms.


Last year, the company registered total sales of P9.8 billion.


                    [DatePublished] => 2005-10-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 292853
                    [Title] => Ceiling on benefits for open-ended pre-need plans mulled
                    [Summary] => The Securities and Exchange Commission (SEC) is inclined to grant the Federation of Philippine Pre-Need Plan Companies’ (FPPC) request for the imposition of a ceiling on the benefits paid to planholders of open-ended plans in order to ensure the survival of pre-need firms.


In open-ended plans, a pre-need firm pays the tuition of a beneficiary regardless of the amount due.  This is opposed to a fixed value plan that specifies a fixed amount the beneficiary would get come maturity.


                    [DatePublished] => 2005-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 279136
                    [Title] => Philam Plans trust fund grows to P15.3B in Q1
                    [Summary] => Amid the controversies besetting the pre-need industry,  Philam Plans Inc. continued to lead with its trust fund growing to P15.3 billion as of end-March this year, more than enough to cover obligations to planholders for the next six years.


Philam president and chief executive officer Jesus Hofilena said the company’s current trust fund level, the largest and fastest-growing trust fund in the pre-need industry to date, can more than cover for the P9.8-billion programmed benefits for the period 2006 to 2011.   


                    [DatePublished] => 2005-05-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

AIG exec tapped as new president of Philam Plans

By Zinnia B. Dela Peña | August 2, 2006 - 12:00am

Global financial conglomerate American International Group Inc. (AIG) has appointed its own man, Jack Howell, as the new president and chief executive officer of Philam Plans. Howell is only the third president...

Business

Philam Plans scales down 2005 sales target to P8-B

By Zinnia B. Dela Peña | October 19, 2005 - 12:00am

Philam Plans Inc. is scaling down its sales target for the year to P8 billion due to continued poor investor confidence resulting from the string of controversies plaguing the pre-need industry. In a press...

Business

Ceiling on benefits for open-ended pre-need plans mulled

August 22, 2005 - 12:00am

The Securities and Exchange Commission (SEC) is inclined to grant the Federation of Philippine Pre-Need Plan Companies’ (FPPC) request for the imposition of a ceiling on the benefits paid to planholders of open-ended...

Business

Philam Plans trust fund grows to P15.3B in Q1

By Zinnia B. Dela Peña | May 26, 2005 - 12:00am

Amid the controversies besetting the pre-need industry, Philam Plans Inc. continued to lead with its trust fund growing to P15.3 billion as of end-March this year, more than enough to cover obligations to planholders...

Business