Generali has completed the sale of its 100% stake in Generali Life Assurance Philippines to local firm The Insular Life Assurance Company.  

The sale follows regulatory approvals from the Insurance Commission and the Philippine Competition Commission.  

The deal, which was announced in December last year, was formalised with a signing ceremony on 23 May 2025, at the InLife Building in Makati.  

InLife chairperson Nina D. Aguas said: “This acquisition represents more than just the combination of two companies; it’s the coming together of two cultures, two legacies, and two teams committed to a common purpose. We are building a new organisation that honours our past while embracing the future, with a relentless focus on serving our customers better than ever before.”  

Aguas added: “Generali will continue to operate as a separate subsidiary of InLife but will align under a unified strategy focused on innovation, excellent customer experience, and complete life and health protection solutions.  Our existing services, contracts, and points of contacts will remain unchanged.”   

Maria Noemi G. Azura has been appointed as the president and CEO of the new subsidiary. 

Azura is currently the corporate solutions head at InLife. 

PwC served as the financial advisor and provided vendor assistance to Generali, with PJS Law (Dentons) offering legal advice.