In photo: Cebuana Lhuillier Insurance Solutions General Manager Jonathan D. Batangan, PJ Lhuillier Inc. President and CEO Jean Henri D. Lhuillier, Federal Phoenix Assurance Company, Inc. President and CEO Ramon Yap Dimacali, and Federal Phoenix Assurance Company, Inc. Vice President for Marketing Operations Johnny F. Magbanua
April 27, 2012 – Cebuana Lhuillier Insurance Solutions (CLIS), the country’s major player in the micro-insurance sector, sealed an industry ground-breaking venture with Federal Phoenix Assurance Company, Inc. (FPAC) through a MOA signing event held at the PJL Corporate Center in Makati City.
Through this partnership, FPAC’s Compulsary Third Party Liability (CTPL) Insurance policies can be readily obtained by the country’s 4 million car owners through the more than 1,500 Cebuana Lhuillier branches nationwide. The CTPL is an insurance cover required in registering vehicles at the Land Transportation Office. In the words of FPAC President Ramon Dimacali, “this undertaking to decentralize CTPL is the first of its kind in the Philippines and will certainly shock the insurance industry and benefit the public”. This partnership will make CTPL issuance fast, convenient and reliable-- more particularly when claims arise. This move also augurs well with PJLI President and CEO Jean Henri D. Lhuillier’s vision of evolving Cebuana Lhuillier as “the No. 1 insurance pick –up center in the country”.
Established in 1958, Federal Phoenix is a member of the Zuellig Group of Companies and is the country’s No. 1 motorcar insurer for years.
Cebuana Lhuillier Pawnshop has been the leading pawnshop chain in the Philippines with over 1,500 branches across the country—from Aparri to Tawi-Tawi. For 25 years now, Cebuana has been true to its slogan “Walang Kapantay Magpahalaga” through the incomparable services that the company offers to its customers- this includes — pawning, local and international remittance, insurance, bills payment, e-load, collection, and foreign exchange. Founded in 1987 by the current Philippine envoy to Portugal, Ambassador Philippe Jones Lhuillier, Cebuana Lhuillier is currently managed by its President and CEO, Jean Henri Lhuillier.