2007 Archive

The National Reinsurance Corporation of the Philippines/PhilNaRe (PSE: NRCP), recently took home the Insurance/Reinsurance Industry Contribution Award from this year's Asia Insurance Industry Awards held in Singapore on November 5, 2007.

National Reinsurance Corporation of the Philippines (NRCP/PhilNaRe) received a financial strength rating of B++ (Good) and an Issuer Credit Rating of bbb (Stable, Investment Grade) from A.M. Best (Asia-Pacific) Company

BDO Capital & Investment Corporation, the issue manager for the initial public offering of National Reinsurance Corporation of the Philippines (PhilNaRe), intends to exercise its over-allotment option on 103,902,600 common shares on April 27, 2007, the listing date of PhilNaRe. At least 10% of the shares covered by the over-allotment option shall be allocated to local small investors, and be made available to those who submitted subscriptions during the offer period.

The National Reinsurance of the Philippines or “PhilNaRe” initial public offering (IPO) set for April 27 may be the first listing in the Philippine Stock Exchange’s history attributed to the overwhelming support of the local small investor (LSI) program.

The National Reinsurance of the Philippines (PhilNaRe) will join the Big Board of the Philippine Stock Exchange (PSE) today. The country's only national reinsurance firm has raised some P 2.8 billion from the exercise to be used to increase the Company’s capital.

The National Reinsurance of the Philippines (PhilNaRe) successfully listed on the Big Board of the Philippine Stock Exchange (PSE) last April 27, 2007.

The National Reinsurance of the Philippines or “PhilNaRe” initial public offering (IPO) set for April 27 has the local retail market scrambling for additional shares, which are actually oversubscribed many times over as of today.