Maclang noted that “this venture will allow us to offer world-class protection products and services that cater to the diverse needs of our customers.” German financial insurance company , Allianz , has acquired 100 % of Philippine National Bank 's ( PNB ) Philippine Life subsidiary and entered into a 15-year exclusive distribution partnership ; the deal 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 .
German financial insurance company , Allianz , has acquired 100 % of Philippine National Bank 's ( PNB ) Philippine Life subsidiary and entered into a 15-year exclusive distribution partnership ; the deal 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 .