PhillipCapital Buys Finansa, Renames to Phillip Life
March 31, 2014
PhillipCapital has announced the acquisition of Finansa Life Assurance, one of the 25 licensed life insurance companies in Thailand. As part of the acquisition, the company's name has been changed to Phillip Life. Through a series of capital injections, PhillipCapital now owns 98% of the company, which the firm plans to grow through organic and acquisition growth as well as strategic alliances.