Entries by Franz de la Fuente

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Nat Re Safety Measures under MECQ

To our valued clients and partners: We are committed to continuing to fully serve you to the best of our capabilities while also prioritizing everyone’s safety and welfare. In light of the Modified Enhanced Community Quarantine (MECQ) in the National Capital Region, Nat Re will continue applying the following safety measures until further notice: Our employees will continue to […]

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Nat Re Gets “PRS A” Rating

The National Reinsurance Corporation of the Philippines (Nat Re), the Philippines’ sole professional reinsurer, was assigned a financial strength rating of PRS A, with a Stable Outlook, by the Philippine Rating Services Corporation (PhilRatings). A PRS A rating means that an insurer has strong financial security characteristics, but is somewhat more likely to be affected […]

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Capital relief & health-linked coverage to drive Nat Re growth in 2021

Greater demand for financial reinsurance, coupled with higher health-related insurance coverage amid the ongoing pandemic, are expected to support the growth trajectory of the National Reinsurance Corporation of the Philippines (Nat Re) in 2021. “We continue to identify pockets of growth such as opportunities resulting from the need for capital relief reinsurance solutions and higher […]

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AM Best Affirms Credit Ratings of National Reinsurance Corporation of the Philippines

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Nat Re’s balance sheet strength, which AM Best assesses as strong, as well […]

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Nat Re earns P120 million in net profit in 2020

The National Reinsurance Corporation of the Philippines (Nat Re), the country’s national reinsurer, earned P120 million in net income in 2020, down 24% from P157 million in 2019, as stronger underwriting results were weighed down by lower investment income.  The company also generated Other Comprehensive Income of P267 million to bring its Total Comprehensive Income […]