National Reinsurance Corporation of the Philippines was incorporated in 1978 as a domestic professional reinsurance firm to provide life and non-life reinsurance to the Philippines and neighboring insurance markets. On January 15, 2007, the Company received approval from the Securities and Exchange Commission to use the names and styles of Philippine National Reinsurance Company or “PhilNaRe” to enhance its image as the country’s national reinsurer. 

The primary mandate of PhilNaRe is to assist in the development of the Philippine insurance industry by providing reinsurance capacity and support to Philippine insurance companies as well as by contributing towards higher retention of business within the country. 

PhilNaRe is today the only domestic professional reinsurance company in the Philippines. The Company is listed in the Philippine Stock Exchange with the trading symbol NRCP.

 
 

Latest News from Media Center


PhilNare Income Up 9% Despite Typhoon Claims

National Reinsurance Corp. of the Philippines (PhilNare), during its annual stockholders’ meeting last June 29, 2010, indicated that it ended 2009 on a positive note despite an unfavorable insurance market and claims arising from super typhoons “Pepeng” and “Ondoy.”


PhilNaRe Receives 85.6% Rating in ICD’s 2009 Corporate Governance Scorecard

PhilNaRe received a rating of 85.6% in the Institute of Corporate Directors (ICD) 2009 Corporate Governance Scorecard for publicly-listed companies in the Philippines. This is well above the national average of 73% and places PhilNaRe in the First Quartile of all companies surveyed.
State of the General Insurance Market – Part II

PhilNaRe President and CEO Roberto B. Crisol speech at The 7th Philippine Non-Life Insurance Summit, on April 28, 2010 at Hotel Intercontinental, Makati City


A.M. Best Reaffirms Ratings of National Reinsurance Corporation of the Philippines

A.M. Best Co. has reaffirmed the financial strength rating of B++ (Good) and issuer credit rating (ICR) of “bbb” of National Reinsurance Corporation of the Philippines (PhilNaRe) (Philippines). The outlook for both ratings is stable.


 
 
 
     
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