Dear stockholders, It is our pleasure to present to you the financial statements and achievements of your Company Nat Re for the year 2018 under the leadership of your new President and Chief Executive Officer, Mr. Allan Santos. This year is particularly noteworthy for your Company as we celebrated forty years of Nat Re serving […]
National Reinsurance Corporation of the Philippines or Nat Re (stock ticker NRCP) posted PHP149 million in net income in 2018. This result is on the back of underwriting profit of PHP153 million, marking the company’s fourth straight year of positive underwriting profits, and P389 million in realized investment income. “Despite 2018 being very costly for […]
Dear stockholders: Please be advised that the Annual Meeting of Stockholders of National Reinsurance Corporation of the Philippines (the “Corporation”) will be held on June 27, 2019, Thursday, at 3:00 p.m., at the Carlos P. Romulo Auditorium, Podium 4, Tower II, RCBC Plaza, 6819 Ayala Avenue, Makati City, with the following agenda: Call to Order […]
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these Credit Ratings (ratings) is negative. The ratings reflect Nat Re’s balance sheet strength, which AM Best categorizes as strong, as well as its […]
April 4, 2019—The National Reinsurance Corporation of the Philippines (Nat Re) donates USD 5,800 to support the development of the earthquake alert mobile application of the ASEAN Insurance Council’s (AIC) Catastrophe and Risk Management in ASEAN (CARMA). CARMA, initiated by the ASEAN Natural Disasters Research Works Sharing (ANDREWS) Committee and managed by Catalytics Pte Ltd, […]
The National Reinsurance Corporation of the Philippines (Nat Re) renews its Certificate of Authority with the Insurance Commission (IC). The renewed certificate, valid until 2021, reaffirms the financial stability of the country’s only authorized professional reinsurance company and its ability to continue to serve and pay claims to its client companies. As of the third […]
January 2, 2019—The Board of Trustees of the Philippine Insurers and Reinsurers Association (PIRA), the trade association of the country’s non-life insurance industry, has elected Nat Re President and CEO Allan Santos as its new Chairman in 2019. “I am humbled and honored to have been chosen to serve as the Chairman of the PIRA […]
November 26, 2018, Kuala Lumpur, Malaysia—Nat Re CEO Mr. Allan Santos (seated, center) chaired the first ASEAN Reinsurance Working Committee meeting of the ASEAN Insurance Council. In the meeting, the Committee formulated its charter and identified its near term initiatives and actions. In attendance were (seated, L to R) Ty Atith (Chairman of Tariff Committee, The […]
Oasis Loss Modelling Framework (Oasis LMF), together with the National Reinsurance Corporation of the Philippines (Nat Re), UP Disaster Risk and Exposure Assessment for Mitigation (UP-DREAM), the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA), and Willis Towers Watson recently unveiled the two-year project called the “Oasis Platform for Climate and Catastrophe Risk Assessment in […]
In the 2018 Singapore International Reinsurance Conference (SIRC) Supplement, Mr. Allan Santos, President and CEO of Nat Re, says challenges do exist but with government’s massive infrastructure programme and household consumer spending poised to grow further, the sentiment in the Philippines insurance industry remains buoyant. Read his article below. Philippines: Challenges exist but growth […]