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International

AIG Philippines earmarks $2.5 billion for property insurance

May 26, 2017 Reprints

AIG Philippines Insurance Inc. has earmarked $2.5 billion for property insurance for this year in anticipation of the 7 trillion Philippine pesos ($140 billion) infrastructure rollout by the government, Business Mirror reports.

"With the infrastructure boom expected in the Philippines, that amount of capacity or new capability meets the needs of the Philippine market," said Mark Lwin, president of AIG Philippines.

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AIG Philippines earmarks $2.5 billion for property insurance

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