Entries by Patrick Basobas

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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 […]

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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 […]

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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 […]

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Nat Re, IC, and PIRA sign MOU on Philippine catastrophe insurance facility

The National Reinsurance Corporation of the Philippines (Nat Re), the Insurance Commission (IC), and the Philippine Insurers and Reinsurers’ 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 […]

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Nat Re joins Asian association for guarantee and credit insurance as founding member

Nat Re President/CEO Allan Santos (second from left) signs the articles of the AGCIA, formalizing Nat Re’s role as one of its founding members. Seoul Guarantee Insurance Company Overseas Business Development Managers Dongho Song (leftmost) and Sung Bo Shim (second from right) and Nat Re Non-Life Underwriter Francis Alvarez (rightmost) witness the signing. Manila, Philippines⁠—The […]

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Nat Re CEO chairs second ASEAN Reinsurance Working Committee Meeting

Nay Pyi Taw, Myanmar—Nat Re President/CEO Mr. Allan Santos (second row in white) chaired the second ASEAN Reinsurance Working Committee (ARWC) meeting of the ASEAN Insurance Council. The Committee compiled and compared reinsurance regulations in the ASEAN countries, discussed reinsurance pooling opportunities as well as initiatives to further reinsurance education and talent development in the […]