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Philam Life
The AIA Philippines Life and General Insurance Company Inc. (commonly known by its trade name AIA Philippines and formerly known as the Philippine American Life and General Insurance Company or Philam Life) is an Insurance, insurance company based in the Philippines. According to the Insurance Commission, it is the largest life insurance company based on asset and net worth. History AIA Philippines was founded in 1947 as Philam Life by Cornelius Vander Starr, the founder of AIG, and his partner Earl Carroll. Despite it being a new insurance company in the Philippines, it became the largest insurance company in the Philippines by 1949. It has since received various awards such as the Asian Management Award for General Management, Asian Management Award for Financial Management, and the Reader's Digest Platinum Trusted Brand Award. In addition, it also received the Presidential Citation from the Philippine government in 1994. Another milestone for the company was made in 196 ...
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Cornelius Vander Starr
Cornelius Vander Starr (October 15, 1892 – December 20, 1968), sometimes known as Neil Starr, was an American businessman and founder of C.V. Starr & Co. (later known as Starr Companies) in Shanghai, China, which became AIG. AIG grew from an initial market value of $300 million to $180 billion, becoming the largest insurance company in the world. Early life Starr was born to parents of Dutch ancestry. His father was a railroad engineer. Starr attended University of California, Berkeley from 1910 to 1911 before dropping out and returning to his hometown of Fort Bragg, California. There he began his first business venture, selling ice cream, at the age of nineteen. He joined the U.S. Army in 1918 but was never deployed overseas because World War I had ended. Unable to resist a strong urge to travel and understand the world, he joined the Pacific Mail Steamship Company as a clerk in Yokohama, Japan. Later that year, he traveled to Shanghai where he worked for several insurance b ...
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