The order follows a similar demand against New India Assurance, signaling a broader clampdown on GST treatment of co-insurance and reinsurance premiums.
The Insurance Commission has also activated dedicated assistance channels in Cebu and Manila, aiming to streamline access to insurance services for those affected.
Fullerton will provide market insights for Singlife's advisers and customers, while Singlife's network extends Fullerton's reach across B2B and D2C channels.
Wen brings more than 30 years of experience in the reinsurance treaty markets in Taiwan and Guam and will lead Gallagher Re's Taiwan business expansion.
