Multinational company Berkley International Philippines, Inc. (BIPI), reached a consolidated P1.066 Billion in premium collections for the year ended December 2006. In still unaudited figures, Berkley International Life Insurance Company, Inc. posted premium collections amounting to P167 million while pre-need company Berkley International Plans, Inc. collected P899 Million, both in 2006 alone.
Even with image problems continuing to beset the pre-need industry last year, BIPI total assets amounted to P5.3 billion with reserves of P3.6 billion. This milestone further assures clients of Berkley and its distributor, Family First, Inc., of the company’s stability and reliability in meeting its financial obligations in the future.
Four prestigious banks that are considered among the strongest in the industry – Deutsche Bank, Equitable PCI Bank, Metropolitan Bank and Trust Company, Union Bank and ING Barings Trust and Asset Management Group --- are handling BIP Trust Funds as trustees.
For
more information, pls. contact:
Ms. Gina D. Cruz
Corporate Communications Director
Tel. No. 755-1500 loc. 1112