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 […]
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 […]
Dear stockholders: Please be advised that the annual stockholders’ meeting of National Reinsurance Corporation of the Philippines (Nat Re) originally scheduled on June 24, 2020 will be postponed. The new schedule of the meeting will be announced sometime in May 2020. For your information and guidance. For the Board of Directors, (sgd.) NOEL A. LAMAN […]
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 […]
To our valued clients and partners: We are committed to fully serving you to the best of our capabilities while also prioritizing everyone’s safety and welfare. In light of the current COVID-19 situation, Nat Re will apply the following safety measures starting March 17, 2020 until further notice: In connection with this: – All our […]
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 […]
The Philippines national reinsurer, Nat Re, faces the same challenges as it peers – low interest rates, increasing regulation and Nat CAT – but still manages to come out smiling. Read the article here (paywall): https://www.asiainsurancereview.com/Magazine/ReadMagazineArticle/aid/43135/Focus-on-traditional-reinsurance
January 23, 2020—The National Reinsurance Corporation of the Philippines (Nat Re) engaged the Philippine Red Cross (PRC) in training the members of Nat Re’s emergency response team (ERT) to become certified first aid providers. Sixteen members of the Nat Re ERT underwent a 32-hour training on Standard First Aid and Basic Life Support conducted by […]
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 […]
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 […]