DoubleDragon taps Lucio Tan firm for insurance coverage

(Taguig City, June 15) – DoubleDragon Properties Corporation signs an agreement for Alliedbankers Insurance Corporation (ABIC), the non-life insurance company of the Lucio Tan Group, to provide insurance coverage for its workforce.

Officials of DoubleDragon, Philippine National Bank (PNB), and ABIC met at the sidelines of the listing of MerryMart’s Php1.6-billion initial public offering (IPO) on June 15 at Bonifacio Global City in Taguig. Participating in the signing ceremony were (seated, from left) DoubleDragon executives led by President Ferdinand J. Sia and Chairman and CEO Edgar “Injap” J. Sia II, together with PNB President and CEO Wick A. Veloso and ABIC President and CEO Reynaldo B. Montalbo, Jr. They were joined by other senior officers from DoubleDragon, PNB, and ABIC.

DoubleDragon Properties Corporation is a listed real estate company led by its Chairman Edgar “Injap” Sia II (founder of Mang Inasal) and the Co-Chairman Tony Tan Caktiong (founder of Jollibee). Having achieved a market capitalization of over $2 billion in less than two years from its IPO, it is now one of the top listed companies on the Philippine Stock Exchange in terms of market capitalization.

ABIC will be offering its top-performing insurance plan, the ABIC All-In 888, which is considered as one of the best value-for-money personal accident insurance protection in the market today.

ABIC All-In 888 offers full-time 24-hour, 365-day-a-year, worldwide protection against accidents which an assured may be exposed to in the course of activities related to business or pleasure, whether on- or off-the-job, occurring in the house or while travelling.