AXA Life Insurance Corp.’s planned takeover of Charter Ping An Insurance Corp has finally been completed. The intention to acquire Charter Ping An was first announced back in November of last year. The purchase allows the life insurer to complete the proposition to offer full financial protection to all customers.
AXA Philippines President and CEO Rahul Hora said that, “Customers can now be well-protected across all stages of their life journey, with AXA providing a comprehensive suite of products be it in life insurance, savings and investment, health coverage, or property and casualty insurance. We will now focus our efforts on finding opportunities to synergize the operations in both life and non-life insurance.”
