MANILA, PHILIPPINES – In a move signaling transformation and growth in the Philippine insurance industry, Insular Life (InLife), the country’s largest Filipino owned life insurer, has officially acquired 100% of Generali Life Assurance Philippines. The deal which was finalized on May 23 2025 at the InLife Building in Makati, is a strategic alignment that brings together two formidable players known for their heritage, service excellence, and forward thinking approach.
The acquisition, which received the green light from both the Insurance Commission and the Philippine Competition Commission, marks a pivotal moment in the local insurance landscape. While Generali will continue to operate as a separate subsidiary, it will now fall under a unified vision driven by InLife’s strategic direction.
“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,” said InLife Executive Chairperson Nina D. Aguas. “We are building a new organization that honors our past while embracing the future, with a relentless focus on serving our customers better than ever before.”
Aguas also announced the appointment of Noemi G. Azura as the President and CEO of the new subsidiary effective immediately. Azura, currently InLife’s Corporate Solutions Head, previously led Insular Health Care and transformed it into one of the fastest growing HMOs in the country.
