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Insular Life (InLife) and Oona Insurance group (Oona) today jointly announced that they are entering into an agreement, with InLife selling its 40% stake in their non-life insurance joint venture, Oona Insular Insurance Corporation (Oona Philippines), making it Oona’s fully owned subsidiary. Oona Philippines and Insular Life will continue their…
Oona Insurance Group has agreed to fully acquire Oona Philippines by buying out the stake of its joint venture partner in the Philippines.
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Insular Life (InLife), the largest Filipino-owned life insurance company in the Philippines, is entering into a joint venture agreement with Oona Philippines Holding Corporation to jointly own stakes in the general insurer, Mapfre Insular Insurance Corporation (MIIC).