Grepalife posts 36% premium growth.
Byline: Fil C. Sionil Great Pacific Life Assurance Corp. (Grepalife), the life insurance arm of the Yuchengco Group of Companies (YGC) owned and controlled by Ambassador Alfonso Yuchengco, registered a 36 percent growth in its total premiums to P1.499 billion in 2007 due to its aggressive marketing...

September 11: one year later. (Perspective).
The sheer enormity of the loss from last year's attack -- coming from an entirely unforeseen peril for which no premium had been collected -- produced financial shockwaves that shook insurance markets worldwide. Here's a look at the impact of that day, as well as some thoughts on what...

S&P: why Munich re deserved a lashing: analyst cites the "underperformance" of the nonlife unit and its effect on the reinsurer's ability to replenish its capital base.
Standard & Poor's Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Munich-based global reinsurer Munich Reinsurance Co. and related core subsidiaries of the Munich Re group to 'A+' from 'AA-'. The outlook is stable. The downgrade primarily reflects a re-evaluation by Standard &...

Insular Life nets P836 M in 2003, up 38%.
Leading Filipino life insurer Insular Life, ended 2003 with a consolidated net income of R836 million, up by 38 percent from the previous years figure of R605 million. Consolidated revenues reached P10.2 billion, up by 17 percent from the previous years figure of P8.7 billion. Revenues came...

P/$ rate stands at P41.52/$ 1.
The peso exchange rate stands at P41.52 to the US dollar, its closing on Friday at the Philippine Dealing & Exchange Corp. (PDEx) from P41.84 the previous day. The weighted average rate appreciated to P41.683. Generali premiums up 24% Generali Pilipinas (GP), the Philippine affiliate...

P/$ rate stands at P44.05/$ 1.
The peso exchange rate closed at a new seven-year high of P44.05 to the US dollar last Thursday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average stands at P44.106. RB to issue Tier 2 notes The Bangko Sentral ng Pilipinas (BSP) has...

Insurer sale to Mapfre backed; Commerce votes to sell.
Byline: Bob Kievra WEBSTER - Commerce Group Inc., founded 37 years ago in an East Main Street strip mall, went international yesterday, with shareholders approving the property and casualty insurer's $2.2 billion sale to Mapfre SA of Madrid, Spain. About 80 shareholders attended the special...

Hanover net income up $30 million; Quarterly profit at insurer rises 63.6 percent.
Byline: Bob Kievra WORCESTER - The Hanover Insurance Group Inc. yesterday reported higher quarterly and yearly earnings and said it was well positioned to withstand the looming economic downturn that cuts into new business and lowers income for property and casualty insurers. In results announced...

Insular Life posts 23% premium hike.
Byline: Ana Marie Macuja Insular Life, the country's first and largest Filipino life insurance company, ended the year 2007 with a gross premium income of over P7.8 billion, up 23 percent from the previous year. With such performance, the company was able to surpass the previous year's...

Business briefs.
COLUMN: BUSINESS BRIEFS TELEGRAM & GAZETTE Bloomberg Index Central Massachusetts +0.35 170.80 Volume: 67,503,695 Up: 12 Down: 12 Unchanged: 5 Gainer: Waters Corp. $60.07 +$0.65 (volume of 1.08 million...