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.

PJ Lhuillier Inc. is a dynamic, multi-industry company that owns and operates businesses in the Philippines dealing with pawnshop, local and international remittance, non-life insurance, jewelry trade and retail, hotel management, information technology management, sports management, and real estate/property management. The company offers quality and unique services to satisfy its growing number of clientele. Founded by the current Philippine envoy to Portugal, Ambassador Philippe Jones Lhuillier, PJ Lhuillier Inc. is currently managed by its President and CEO Jean Henri Lhuillier.