REGIONAL reinsurer Asian Reinsurance Corp. (Asian Re) posted double-digit growth in its net earned premiums (NEP) last year. The Insurance Commission said in a statement issued last Monday that Asian Re’s NEP last year hit $19.19 million in 2021, jumping by 24.8 percent from the previous year’s $15.38 million. NEP…
THE National Reinsurance Corp. of the Philippines (Nat Re), the Philippines’s sole professional reinsurer, announced last Friday it was assigned a financial strength rating of “PRS A,” with a “stable outlook,” by the Philippine Rating Services Corp. (PhilRatings). A “PRS A” rating means that an insurer has strong financial security…