Entries by Nikkos Ignes

, , ,

Nat Re wins Reinsurer of the Year prize at the Asia Insurance Industry Awards

The National Reinsurance Corporation of the Philippines (Nat Re) bagged the Reinsurer of the Year award at the prestigious 24th Asia Insurance Industry Awards (AIIA) hosted virtually from Singapore. The Philippines’ national reinsurer bested two other finalists, namely global reinsurers Reinsurance Group of America and SCOR Reinsurance.  The award at the AIIA marks Nat Re’s […]

, ,

Reinsurers must become more proactive

(This article featuring Nat Re President/CEO Allan Santos  was first published in the Asia Insurance Review November 2020 issue.) Reinsurers must become more proactive The COVID-19 pandemic’s impact on the global reinsurance industry has been intense and pronounced. Nat Re’s Mr Allan Santos shares his views on what reinsurers’ response has been to the impact […]

,

Nat Re posts net profit of P157 million in 2019

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 company’s fifth straight year of positive underwriting profits, and P349 […]

Nat Re Receives Investment Grade Rating

The National Reinsurance Corporation of the Philippines (Nat Re), the Philippines’ 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 Revises Outlooks to Stable for Nat Re

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 “bbb” of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The ratings reflect Nat Re’s balance sheet strength, which A.M. Best categorises as strong, as well as its adequate […]

,

A message from Nat Re CEO Allan Santos

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 […]

, ,

Nat Re donates to the UP Medical Foundation in the fight against COVID-19

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 the coronavirus disease 2019 (COVID-19) 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 […]