Insular Life completed the acquisition of Generali Life Assurance Philippines.

Insular Life, a mutual life insurance company, completed the acquisition of Generali Life Assurance Philippines, an insurance company. Financial terms were not disclosed. “This acquisition is a proud moment for InLife as it demonstrates our capability and resolve to further expand and innovate while remaining steadfast to our mission of serving the insuring public. This also underscores InLife’s enduring strength as a 114-year-old proud Filipino company, highlighting our solid financial foundation, equity position, and strong risk-based capital. As a homegrown company acquiring a foreign entity, we see this as a strategic step to cement our position as a leader in the life insurance industry. Moving forward, InLife is committed to scaling new heights in delivering exceptional value to our policyholders and the communities we serve,” Nina D. Aguas, InLife Executive Chairperson.