THE Philippine Competition Commission has cleared the merger of non-life insurance firms FPG Insurance Co. Inc. and The Mercantile Insurance Company, Inc.
The antitrust watchdog said the decision was made following a comprehensive review of the transaction’s impact on competition in the insurance sector.
In a statement on Wednesday, the PCC said it was notified about the merger on Nov. 19, 2025, with Mercantile Insurance to be the surviving corporation and subsequently renamed as FPG Mercantile.
The two insurers announced in August last year that they had agreed to merge to strengthen their combined financial stability, expand digital solutions, and enhance customer service for millions of Filipinos.
Following a diligent examination of the potential competitive effects of the merger in the domestic non-life industry, the Mergers and Acquisitions Office of the PCC determined that the merger posed no substantial lessening of competition in the relevant markets.
Combined, the market shares of both FPG and Mercantile will remain low, it noted.
