German financial insurance company, PNB Life Insurance , has acquired 51% of PNB Life Insurance ( Allianz PNB Life Insurance Inc. ) PNB Life Insurance and entered into a 15-year exclusive distribution partnership; the sale was finalised on December 21 . The joint venture company will be named Philippine National Bank's This deal will provide Allianz with exclusive access to over 660 branches located nationwide, and 660 customers.
German financial insurance company, Allianz, has acquired 51% of Philippine National Bank's (PNB) PNB Life Insurance and entered into a 15-year exclusive distribution partnership; the sale was finalised on December 21. The joint venture company will be named Allianz PNB Life Insurance Inc. This deal will provide Allianz with exclusive access to over 660 branches located nationwide, and four million customers.