Allianz SE has received regulatory approval from PNB to acquire the life insurance unit of the Philippine National Bank's (the Philippine Insurance Commission). The commission commented on the acquisition, saying "The acquisition was a result of the joint venture agreement between Allianz and the Philippine Insurance Commission which, according to Allianz, will operate under the name Allianz the Philippine Insurance Commission Life Insurance".
Allianz SE has received regulatory approval from the Philippine Insurance Commission to acquire the life insurance unit of the Philippine National Bank's (PNB). The commission commented on the acquisition, saying "The acquisition was a result of the joint venture agreement between Allianz and PNB which, according to Allianz, will operate under the name Allianz PNB Life Insurance".