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FPG, Mercantile merge to form new insurance giant

Manila Bulletin

|

August 19, 2025

Two of the country’s biggest non-life insurers—FPG Insurance Co. Inc. and The Mercantile Insurance Co. Inc.—are merging to form a new entity with an estimated P10-billion gross written premium (GWP), a scale that would place it among the top four players in the Philippine non-life insurance market.

- By BEN ARNOLD DE VERA

The merged company, to be named FPG Mercantile, is expected to be finalized by October 2025, subject to regulatory approvals from the Insurance Commission (IC) and other agencies.

In a joint statement last week, the two companies said that the deal will allow their combined business to strengthen financial stability, expand digital solutions, and enhance customer service for millions of Filipinos.

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Manila Bulletin

Birds and Beetles: Bioindicators of a Thriving Forest in Mainit Hot Spring Protected Landscape

A recent biodiversity monitoring activity conducted in the Mainit Hot Spring Protected Landscape (MHSPL) revealed the presence of several priority species, reaffirming the area's status as a critical ecological sanctuary in Mindanao.

time to read

1 mins

November 26, 2025

Manila Bulletin

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Don’t sink our future; reclamation does not save us from flooding

Reclamation has often been framed as a hallmark of modernization—an ambitious undertaking to expand coastlines, stimulate commerce, and create new urban spaces.

time to read

2 mins

November 26, 2025

Manila Bulletin

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Marcos cites need to address plastic pollution with modern technologies

Addressing plastic pollution requires not only regulation and advocacy, but credible technology, President Marcos said.

time to read

2 mins

November 26, 2025

Manila Bulletin

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VP Sara urges Filipinos: Discover the joy of reading

Vice President Sara Duterte is urging Filipinos to discover the joy of reading and improve their comprehension skills to be critical thinkers and make informed decisions for their future.

time to read

1 min

November 26, 2025

Manila Bulletin

Myanmar state television broadcasts army crackdown on scam centers

Myanmar's military government has begun broadcasting extensive video on state television of its crackdown on online scam centers, showing buildings being bulldozed and over 1,000 foreigners detained.

time to read

2 mins

November 26, 2025

Manila Bulletin

Cone sees Guam games 'crucial'

Gilas Pilipinas head coach Tim Cone is seeing the game against Guam as a make or break point for the Nationals' bid of reaching the Olympics through the 2027 FIBA World Cup in Qatar.

time to read

1 mins

November 26, 2025

Manila Bulletin

More human bones recovered from ‘Taal Lake

More human skeletal remains have been recovered from Taal Lake in Batangas as law enforcers continued their search for evidence in the cases of the missing sabungeros or cockfight enthusiasts, the Department of Justice (DOJ) said on Tuesday, Nov. 25.

time to read

1 min

November 26, 2025

Manila Bulletin

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FFCCCII donates 3 new trucks to City of Manila, MPD

The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) turned over three Toyota Hilux police patrol vehicles to the City Government of Manila on Monday, Nov. 24, to boost the mobility and operational capacity of the Manila Police District (MPD).

time to read

1 mins

November 26, 2025

Manila Bulletin

SM Prime invests ₱3 B in M Village

SM Prime Holdings Inc., through its leisure-resort residences developer Costa Del Hamilo Inc., is investing P3 billion to develop M Village, a flagship eco-resort community at Hamilo Coast’s Marina Estates.

time to read

1 mins

November 26, 2025

Manila Bulletin

PH needs ‘restart spending’ to spur economy—Sun Life

The country’s economic growth is projected to fall below five percent this year and settle at around four to five percent in 2026, as investments are expected to remain sluggish, according to a Sun Life Philippines official. This falls short of the government's full-year targets of 5.5 to 6.5 percent for 2025 and six to seven percent for 2026 to 2028.

time to read

1 mins

November 26, 2025

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