The deal will combine the groups’ international platforms into an enlarged network spanning more than 130 countries and managing over US$3.5bn in premiums.
The firm's new CEO, Hiromitsu Tokumaru, said it would overhaul its life planner model and pay structure to curb aggressive sales pressures following the fraud scandal.
Reinsurance broker plans to deepen its engineering and specialty lines, expand structured solutions, and launch an industry-first life product in India.
Lee is executive vice president and general counsel, global life and general insurance, while Mark Eggleton is senior VP and general counsel, legal strategy and government affairs.
Insurance penetration improved to 1.78% in 2025, as insurers paid 121.9bn pesos (approx. US$2.08bn) in life benefits and sector assets climbed past 2 trillion pesos.
The AIA Alta Club add-on pairs WeChat-based doctor-and-nurse teams with priority booking at designated Grade 3A hospitals for members and up to three family members.
