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 […]
The National Reinsurance Corporation of the Philippines (Nat Re) hosted its 4th Annual Technical Forum (ATF) last September 14, 2018 at the New World Hotel in Makati. With the theme “Uncovering Insurance Opportunities”, the Forum convened industry experts to provide its attendees insights on new opportunities for non-life and life insurance products in the Philippines. […]
The National Reinsurance Corporation of the Philippines (Nat Re) hosted its 4th Annual Technical Forum (ATF) last September 14, 2018 at the New World Makati Hotel. With the theme “Uncovering Insurance Opportunities”, the ATF convened industry experts to provide its attendees insights on new opportunities for non-life and life insurance products in the Philippines. The […]
Asia Insurance Review sits down with Allan Santos, Nat Re’s new CEO, to discuss the state of the Philippines reinsurance industry, and his plans for the company. Read the article here (paywall): http://www.asiainsurancereview.com/Magazine/ReadMagazineArticle?aid=41365