EastWest Gets License for Insurance Firm; Appoints Hans Loozekoot as CEO of EastWest Ageas Life
Bangko Sentral ng Pilipinas' (BSP) clearance of the bancassurance business within EastWest premises. The new insurance company will enable EastWest Bank to offer life insurance products to its customers and increase its revenue base and market share, the listed lender said in an earlier disclosure to the Philippine Stock Exchange.
The bank has tapped Hans Loozekoot from Ageas to be CEO of EastWest Ageas Life, and charted the strategy of the new life insurer to tap the millennial market.