Entries by Patrick Basobas

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ASEAN Reinsurance Working Committee holds meeting in Manila

The ASEAN Reinsurance Working Committee of the ASEAN Insurance Council held its second meeting last July 11, 2019 in Manila, Philippines. The discussions of the Committee, composed of executives from reinsurance companies in the ASEAN region, centered around reinsurance regulations and issues in the different member nations, non-life insurance and reinsurance taxes, reinsurance pooling, and […]

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Nat Re senior management holds strategic planning session

Members of Nat Re’s senior management held their annual two-day strategic planning session, facilitated by senior management consultant Jene Aliwalas, last July 4-5, 2019. In attendance were (seated, L to R) Marian Albano (Corporate Communications, Brand, and Special Projects Officer), Gina Papa (Head of Human Resources), Cherry Lorenzo (Head of Catastrophe Risk Management), Allan Santos (CEO), Jene Aliwalas, […]

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Nat Re net income grows 80% to P149 million in 2018

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 […]

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Notice of Annual Meeting to Stockholders

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 […]

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AM Best Affirms Credit Ratings of Nat Re

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 […]

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Nat Re donates for development of earthquake alert mobile application

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, […]

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Philippines: Challenges exist but growth is exhilarating

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 […]

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NAT RE HOLDS 4TH ANNUAL TECHNICAL FORUM ON MEDICAL INSURANCE

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. […]