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NELLIE WAS A LADY TERROR | Maclean's | OCTOBER 1 1953

NELLIE WAS A LADY TERROR | Maclean's | OCTOBER 1 1953
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Sun Life remains leading life insurer – Manila Bulletin


Published April 24, 2021, 6:30 AM
Sun Life of Canada (Philippines), Inc. retained the number one spot as the country’s top life insurance company, marking its 10th straight year of industry leadership.
Based on the latest report from the Insurance Commission, Sun Life Philippines posted a premium income of P39.27 billion, outperforming its closest contender by P8 billion in total premiums.
Photo credit: https://www.sunlife.com.ph/en/
  “We dedicate this milestone to our clients whose trust and support motivated us to keep excelling and innovating,” Alex Narciso, Sun Life Philippines president said in a statement.
“We also share this with our advisors and employees who remained faithful to our mission despite all the challenges we faced last year,” Narciso added. ....

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Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines


Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines
© STAR/File
Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines
MANILA, Philippines The Insurance Commission (IC) announced Sun Life Canada (Philippines) Inc. and Prudential Guarantee and Assurance Inc. (PGAI) remained the highest-ranked life and non-life insurance company, respectively, in terms of premium income in 2020.
Based on insurance companies’ quarterly reports on selected financial statistics submitted to IC at the end of December last year, Sun Life topped life insurance companies with a premium income of P39.27 billion, while PGAI led the non-life sector with net premiums written (NPW) amounting to P4.55 billion in 2020. ....

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Insurers applaud high-profile court ruling on life insurance investments


In the lawsuit, Mosten Investment LP had argued that Manufacturers Life Insurance Co. s universal life insurance policy allowed for unlimited deposits and a guaranteed return.
The case caught the attention of prominent short-seller Muddy Waters, which argued in 2018 that a ruling in Mosten s favour could lead to billions of dollars of losses.
But Manulife says it was successful in arguing that policyholders cannot make unlimited deposits into universal life insurance contracts and that deposits must relate to amounts required to pay the life insurance premium.
Ronald Miller, one the lawyers who represented Mosten, says the firm is reviewing the decision, and is disappointed the court would permit governmental interference into a contract that was issued decades before the new regulations were passed. ....

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