^
+ Follow REINSURANCE Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 716207
                    [Title] => Special Report: A can of worms at GSIS
                    [Summary] => 

When the Government Service Insurance System (GSIS) conducted a bidding to reinsure the insurance requirements of the National Grid Corporation of the Philippines (NGCP), little did the new GSIS management realize that it was going to open a can of worms, so to speak.

[DatePublished] => 2011-08-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 527922 [Title] => Standard Insurance receives triple B plus rating from Global Credit [Summary] =>

Standard Insurance Co. Inc. has been accorded a domestic Philippine peso currency claims paying ability rating of BBB+ (triple B plus).

[DatePublished] => 2009-12-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [2] => Array ( [ArticleID] => 79096 [Title] => PhilNaRe profit dips to P192 M [Summary] => [DatePublished] => 2008-08-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 394024 [Title] => Asian investors keen on PhilNaRe [Summary] => Several Asian entities, mostly from Singapore and China, have signified interest to invest in the Philippines’ biggest professional reinsurance company National Reinsurance Corp. (PhilNaRe), according to a top company official.
[DatePublished] => 2007-04-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 392489 [Title] => SEC okays National Re IPO [Summary] => The Securities and Exchange Commission has approved the planned initial public offering (IPO) of National Reinsurance Corp. of the Philippines estimated to raise between P2.14 billion and P2.95 billion.

National Reinsurance is offering a total of 638 million common shares, accounting for 30.7 percent of its issued and outstanding capital stock, at a price ranging from P3.36 to P4.62 each share.

The company has set aside 103.9 million shares for the over-allotment option, exercisable within 30 days from the listing date.
[DatePublished] => 2007-03-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 387724 [Title] => National Reinsurance sets P2.95-B initial public offer [Summary] => The National Reinsurance Corp. of the Philippines filed on Friday its registration statement with the Securities and Exchange Commission for its planned initial public offering (IPO) estimated to raise as much as P2.95 billion.

The offering involves a maximum of 638 million new common shares to be sold at a price ranging from P3.36 to P4.62 each share. The offer shares represent approximately 30.7 percent of National Reinsurance’s issued and outstanding capital stock of 2.08 billion common shares after the offer.
[DatePublished] => 2007-03-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 324423 [Title] => SEC approves capital hike of National Reinsurance to P3B [Summary] => The Securities and Exchange Commission (SEC) has approved the increase in capital stock of National Reinsurance Corp. of the Philippines from P1 billion to P3 billion, paving the way for its merger with Universal Malayan Reinsurance Corp. (UMRE).

Of the increase in capitalization, P1.59 billion has been subscribed and paid.

SEC documents show that National Reinsurance will be the surviving entity with an asset base of P5.5 billion upon completion of the merger.
[DatePublished] => 2006-03-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 304070 [Title] => RP’s 2 reinsurance firms merge into 1 entity [Summary] => The merger between the National Reinsurance Corporation of the Philippines (National Re) and Universal Malayan Reinsurance Corp. (UMRe) will result in a single reinsurance company in the country.

Based on application papers filed with the Securities and Exchange Commission (SEC), the merger will make National Re the surviving entity.

A reinsurance company assists life and non-life insurance companies raise or ensure sources of funds for future claims.
[DatePublished] => 2005-10-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 249850 [Title] => DOF holds pre-bid conference on $6.5-B Napocor insurance policy [Summary] => The inter-agency committee led by the Department of Finance (DOF) conducted yesterday the pre-bid conference on the $6.5 billion industrial all-risks insurance policy of the state-owned National Power Corp. (Napocor).

As of press time, the results of the pre-bid conference still had to be disclosed by the committee.

The Government Service Insurance System (GSIS) had assumed 70 percent of the reinsurance contract in April 2003, following two failed bids to procure the services of a broker to reinsure Napocor’s assets.
[DatePublished] => 2004-05-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 244595 [Title] => Uni Re, Malayan merger forms P1-B firm [Summary] => A strong local reinsurance industry capable of competing in Southeast Asia and attaining retention levels that should minimize outflow of precious foreign reserves is now clearly on the horizon.

This encouraging prospect follows the merger of two of the country’s biggest names in the Philippine reinsurance business: Malayan Reinsurance Corp. (Malayan Re) of the Yuchengcos and Universal Reinsurance Corp. (Uni Re) of the Ayalas. Both groups have equal interests in the new company.
[DatePublished] => 2004-03-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
REINSURANCE
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 716207
                    [Title] => Special Report: A can of worms at GSIS
                    [Summary] => 

When the Government Service Insurance System (GSIS) conducted a bidding to reinsure the insurance requirements of the National Grid Corporation of the Philippines (NGCP), little did the new GSIS management realize that it was going to open a can of worms, so to speak.

[DatePublished] => 2011-08-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 527922 [Title] => Standard Insurance receives triple B plus rating from Global Credit [Summary] =>

Standard Insurance Co. Inc. has been accorded a domestic Philippine peso currency claims paying ability rating of BBB+ (triple B plus).

[DatePublished] => 2009-12-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [2] => Array ( [ArticleID] => 79096 [Title] => PhilNaRe profit dips to P192 M [Summary] => [DatePublished] => 2008-08-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 394024 [Title] => Asian investors keen on PhilNaRe [Summary] => Several Asian entities, mostly from Singapore and China, have signified interest to invest in the Philippines’ biggest professional reinsurance company National Reinsurance Corp. (PhilNaRe), according to a top company official.
[DatePublished] => 2007-04-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 392489 [Title] => SEC okays National Re IPO [Summary] => The Securities and Exchange Commission has approved the planned initial public offering (IPO) of National Reinsurance Corp. of the Philippines estimated to raise between P2.14 billion and P2.95 billion.

National Reinsurance is offering a total of 638 million common shares, accounting for 30.7 percent of its issued and outstanding capital stock, at a price ranging from P3.36 to P4.62 each share.

The company has set aside 103.9 million shares for the over-allotment option, exercisable within 30 days from the listing date.
[DatePublished] => 2007-03-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 387724 [Title] => National Reinsurance sets P2.95-B initial public offer [Summary] => The National Reinsurance Corp. of the Philippines filed on Friday its registration statement with the Securities and Exchange Commission for its planned initial public offering (IPO) estimated to raise as much as P2.95 billion.

The offering involves a maximum of 638 million new common shares to be sold at a price ranging from P3.36 to P4.62 each share. The offer shares represent approximately 30.7 percent of National Reinsurance’s issued and outstanding capital stock of 2.08 billion common shares after the offer.
[DatePublished] => 2007-03-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 324423 [Title] => SEC approves capital hike of National Reinsurance to P3B [Summary] => The Securities and Exchange Commission (SEC) has approved the increase in capital stock of National Reinsurance Corp. of the Philippines from P1 billion to P3 billion, paving the way for its merger with Universal Malayan Reinsurance Corp. (UMRE).

Of the increase in capitalization, P1.59 billion has been subscribed and paid.

SEC documents show that National Reinsurance will be the surviving entity with an asset base of P5.5 billion upon completion of the merger.
[DatePublished] => 2006-03-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 304070 [Title] => RP’s 2 reinsurance firms merge into 1 entity [Summary] => The merger between the National Reinsurance Corporation of the Philippines (National Re) and Universal Malayan Reinsurance Corp. (UMRe) will result in a single reinsurance company in the country.

Based on application papers filed with the Securities and Exchange Commission (SEC), the merger will make National Re the surviving entity.

A reinsurance company assists life and non-life insurance companies raise or ensure sources of funds for future claims.
[DatePublished] => 2005-10-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 249850 [Title] => DOF holds pre-bid conference on $6.5-B Napocor insurance policy [Summary] => The inter-agency committee led by the Department of Finance (DOF) conducted yesterday the pre-bid conference on the $6.5 billion industrial all-risks insurance policy of the state-owned National Power Corp. (Napocor).

As of press time, the results of the pre-bid conference still had to be disclosed by the committee.

The Government Service Insurance System (GSIS) had assumed 70 percent of the reinsurance contract in April 2003, following two failed bids to procure the services of a broker to reinsure Napocor’s assets.
[DatePublished] => 2004-05-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 244595 [Title] => Uni Re, Malayan merger forms P1-B firm [Summary] => A strong local reinsurance industry capable of competing in Southeast Asia and attaining retention levels that should minimize outflow of precious foreign reserves is now clearly on the horizon.

This encouraging prospect follows the merger of two of the country’s biggest names in the Philippine reinsurance business: Malayan Reinsurance Corp. (Malayan Re) of the Yuchengcos and Universal Reinsurance Corp. (Uni Re) of the Ayalas. Both groups have equal interests in the new company.
[DatePublished] => 2004-03-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
abtest
August 14, 2008 - 12:00am
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