Allianz has completed a 51% acquisition of PNB Life Insurance, marking Allianz's entry into the insurance market and enhancing its position throughout Asia. Login Register your purchase The deal is valued at $US1.05 billion ($A1.052 billion), or about $1.20 per share. The new entity, Allianz PNB Life Insurance, will operate across 660 branches in the Philippines.
Allianz has completed a 51% acquisition of PNB Life Insurance, marking Allianz's entry into the insurance market and enhancing its position throughout Asia. The deal is valued at $US1.05 billion ($A1.052 billion), or about $1.20 per share. The new entity, Allianz PNB Life Insurance, will operate across 660 branches in the Philippines.