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                    [ArticleID] => 329603
                    [Title] => New York Life aims for top 5 spot in RP market
                    [Summary] => American insurance firm New York Life is steadily growing its market in the Philippines to hopefully attain one of the top five slots in the local life insurance market.


George B. May, president and  chief executive officer of New York Life Philippines, said after a mere four and a half years in the Philippine market, the company has climbed to the eighth position from its previous rank of 34 in 2004.


                    [DatePublished] => 2006-04-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 196212
                    [Title] => Allied Bank acquires 8% stake in New York Life
                    [Summary] => Allied Banking Corp. has acquired an eight-percent stake in US-based New York Life Insurance (Philippines) Inc. for P75 million.


This is expected to increase to 25 percent when the medium-sized commercial bank infuses an additional P225 million sometime within the year.


The move was designed mainly to allow both entities to practice bancassurance which is the selling of insurance policies within the premises of a bank.


                    [DatePublished] => 2003-02-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
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                    [ArticleID] => 173259
                    [Title] => Allied Bank to acquire minority stake in foreign insurance firm
                    [Summary] => Allied Bank is reportedly holding exploratory talks for the acquisition of minority stake in a foreign life insurance company.


The commercial bank, which is controlled by taipan Lucio Tan, is said to be holding exploratory talks with New York Life Insurance Phils. Inc. (New York Life), a new player in the country’s insurance industry.


Allied Bank is reportedly planning to buy at least five percent of New York Life’s equity, which would thus classify the life insurer as an "affiliate" of the bank.


                    [DatePublished] => 2002-08-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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GEORGE B

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                    [ArticleID] => 329603
                    [Title] => New York Life aims for top 5 spot in RP market
                    [Summary] => American insurance firm New York Life is steadily growing its market in the Philippines to hopefully attain one of the top five slots in the local life insurance market.


George B. May, president and  chief executive officer of New York Life Philippines, said after a mere four and a half years in the Philippine market, the company has climbed to the eighth position from its previous rank of 34 in 2004.


                    [DatePublished] => 2006-04-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 196212
                    [Title] => Allied Bank acquires 8% stake in New York Life
                    [Summary] => Allied Banking Corp. has acquired an eight-percent stake in US-based New York Life Insurance (Philippines) Inc. for P75 million.


This is expected to increase to 25 percent when the medium-sized commercial bank infuses an additional P225 million sometime within the year.


The move was designed mainly to allow both entities to practice bancassurance which is the selling of insurance policies within the premises of a bank.


                    [DatePublished] => 2003-02-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 173259
                    [Title] => Allied Bank to acquire minority stake in foreign insurance firm
                    [Summary] => Allied Bank is reportedly holding exploratory talks for the acquisition of minority stake in a foreign life insurance company.


The commercial bank, which is controlled by taipan Lucio Tan, is said to be holding exploratory talks with New York Life Insurance Phils. Inc. (New York Life), a new player in the country’s insurance industry.


Allied Bank is reportedly planning to buy at least five percent of New York Life’s equity, which would thus classify the life insurer as an "affiliate" of the bank.


                    [DatePublished] => 2002-08-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

New York Life aims for top 5 spot in RP market

By Marianne V. Go | April 3, 2006 - 12:00am

American insurance firm New York Life is steadily growing its market in the Philippines to hopefully attain one of the top five slots in the local life insurance market. George B. May, president and chief executive...

Business

Allied Bank acquires 8% stake in New York Life

By Ted P. Torres | February 21, 2003 - 12:00am

Allied Banking Corp. has acquired an eight-percent stake in US-based New York Life Insurance (Philippines) Inc. for P75 million. This is expected to increase to 25 percent when the medium-sized commercial bank infuses...

Business

Allied Bank to acquire minority stake in foreign insurance firm

By Ted P. Torres | August 24, 2002 - 12:00am

Allied Bank is reportedly holding exploratory talks for the acquisition of minority stake in a foreign life insurance company. The commercial bank, which is controlled by taipan Lucio Tan, is said to be holding...

Business