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AXA Philippines merges with former non-life subsidiary

Posted On: Mar. 2, 2023 9:53 AM CST

Insurer AXA Philippines has completed a merger deal with its former non-life insurance subsidiary Charter Ping An Insurance Corp., which it acquired in 2016, reported. Even after the acquisition, AXA had continued to sell non-life insurance in the country under the CPAIC name. However, all products under CPAIC’s label will now carry the AXA name post the merger.