InLife and Oona to acquire the remaining 75% stake in Mapfre Insular from Mapfre.

InLife, a Filipino life insurance company, and Oona, a general insurance firm, agreed to acquire the remaining 75% stake in Mapfre Insular, a unit of Mapfre, a Spanish multinational insurance company. Financial terms were not disclosed. "We attracted a significant investor for our non-life businesses. The joint venture will allow for our current and future distribution channels to scale up and provide stronger and better general insurance products delivered using technology," Nina Aguas, InLife executive chairperson.