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Nat Re bags corporate governance awards

The National Reinsurance Corp. of the Philippines (Nat Re), the country’s national reinsurer, was recognized by the Institute of Corporate Directors (ICD) for good corporate governance practices.

Allan R. Santos, Nat Re president and chief executive officer said the company bagged two Golden Arr ....

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Nat Re feted for corporate governance

THE National Reinsurance Corp. of the Philippines (Nat Re) announced it was recently recognized by the Institute of Corporate Directors (ICD) with two awards for its good corporate governance practices, which the ICD said are based on the Association of South East Asian Nations (Asean) “corporate governance scorecard,” or ACGS.… ....

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Nat Re sees 'pockets of growth' despite pandemic – Manila Bulletin

Nat Re sees 'pockets of growth' despite pandemic – Manila Bulletin
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Nat Re sees slower new business creation

Nat Re sees slower new business creation
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Philippines: Nat Re earns US$2.5m in net profit in 2020

The National Reinsurance Corporation of the Philippines (Nat Re), the country s national reinsurer, has announced that it earned PHP120m ($2.5m) in net income in 2020, down 24% from PHP157m in 2019, as stronger underwriting results were weighed down by lower investment income.
“While Nat Re’s financial performance in 2020 reflected financial market volatility caused by COVID-19 especially in the first half of the year, the company ensured operational resilience to continue delivering reinsurance-related services and serve its customers efficiently,” said Mr Allan R Santos, Nat Re president and CEO.
Gross written premiums increased by 3% to PHP4.47bn from PHP4.34bn in 2019, with growth in reinsurance premiums from the life and non-life domestic business. ....

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