Generali leaves Philippine market, InLife swoops 100% shares

The transaction is anticipated to close in H1 2025.

Insular Life (InLife) acquired 100% shares of Generali Life Assurance Philippines, Inc., marking the exit of the former in the Philippines.  

“The move aligns with InLife’s strategic vision of enhancing its market position and broadening its capabilities. It is expected to bring about key business synergies, reinforce distribution strength, and expand the company's end-to-end corporate product suite,” InLife said in an announcement.

InLife Executive Chairperson Nina D. Aguas described the acquisition as a significant milestone, emphasising the company's financial stability and 114-year legacy. 

The integration of the two companies is expected to leverage their combined expertise to deliver improved insurance solutions and services.  

Generali stated it will focus on regions where it holds a stronger presence.  

The transaction is anticipated to close in the first half of 2025, pending regulatory approvals.