The regulator approved the final step in the year-long process.
The Securities and Exchange Commission gave the green light on the merger between AXA Philippines and Charter Ping An Insurance Corporation.
AXA Philippines is a joint venture between AXA Group, the Metrobank Group, and GT Capital, and the Paris-based AXA Group.
The merger marks AXA’s milestone as one of the first big local insurance companies to offer both life and non-life insurance products under a single brand.
The overall process began in 2016 when AXA acquired Charter Ping An.
