(This article featuring Nat Re President/CEO Allan SantosĀ was first published in the Asia Insurance Review November 2020 issue.) Reinsurers must become more proactive The COVID-19 pandemicās impact on the global reinsurance industry has been intense and pronounced. Nat Reās Mr Allan Santos shares his views on what reinsurersā response has been to the impact […]
Watch Nat Re President/CEO Allan Santos deliver the Chairman’s and CEO’s Message to Shareholders at the Nat Re Annual Stockholders’ Meeting on 7 August 2020. Chairman’s and CEO’s 2019 Message to Shareholders from Nat Re on Vimeo.
The national reinsurer delivers sixth straight year of positive net profit National Reinsurance Corporation of the Philippines or Nat Re (stock ticker NRCP) posted P157 million in net income in 2019. This result is on the back of underwriting income of P136 million, marking the companyās fifth straight year of positive underwriting profits, and P349 […]
The National Reinsurance Corporation of the Philippines (Nat Re), the Philippinesā sole domestic professional reinsurer, was assigned a financial strength rating of PRS A 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 by adverse business […]
A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of ābbbā of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The ratings reflect Nat Reās balance sheet strength, which A.M.Ā Best categorises as strong, as well as its adequate […]
Dear valued clients: I hope that this letter finds you, your colleagues, and your loved ones safe and well. We are experiencing perhaps the most uncertain and challenging times in recent history. However, we at Nat Re are unwavering in our commitment to serve you to the best of our capabilities. Even before the enhanced […]
Dear stockholders: Please be advised that the annual stockholders’ meeting of National Reinsurance Corporation of the Philippines (Nat Re) originally scheduled on June 24, 2020 will be postponed. The new schedule of the meeting will be announced sometime in May 2020. For your information and guidance. For the Board of Directors, (sgd.) NOEL A. LAMAN […]
The National Reinsurance Corporation of the Philippines (Nat Re) donates PHP200,000 to the University of the Philippines Medical Foundation (UPMF) to support its efforts in containing the spread of theĀ coronavirusĀ disease 2019 (COVID-19)Ā and saving thousands of lives. The proceeds will be used to distribute the COVID-19 testing kits produced by local scientists as soon as the […]
To our valued clients and partners: We are committed to fully serving you to the best of our capabilities while also prioritizing everyoneās safety and welfare. In light of the current COVID-19 situation, Nat Re will apply the following safety measures starting March 17, 2020 until further notice: In connection with this: ā All our […]
The National Reinsurance Corporation of the Philippines (Nat Re), the Insurance Commission (IC), and the Philippine Insurers and Reinsurersā Association (PIRA) sign a memorandum of understanding (MOU) pledging to collaborate towards the implementation of a Philippine Catastrophe Insurance Facility, an initiative that will increase the country’s financial resilience against natural disasters. Insurance Commissioner Dennis Funa […]