NATIONAL REINSURANCE CORP. OF THE PHILIPPINES
|Main Office||18th Floor, Philippine AXA Life Centre Sen. Gil Puyat Avenue cor. Tindalo Streets Makati City, Philippines|
|Telephone||+632 759-5801 to 06|
The National Reinsurance Corporation of the Philippines (NRCP) was established on December 22, 1977 under Presidential Decree No. 1270, and was designated as the national institution authorized to subscribe to the portion of capital stock of Asian Reinsurance Corporation allotted to the Republic of the Philippines. The latter was established to foster regional cooperation among insurance companies doing business in Asia.
It was subsequently incorporated on June 7, 1978 as a domestic professional reinsurance firm to provide life and non-life reinsurance to the Philippines and its neighboring insurance markets.
On January 15, 2007, NRCP received approval from the Securities and Exchange Commission (SEC) to use the names and styles of Philippine National Reinsurance or “PhilNaRe”.
PhilNaRe is the only domestic professional reinsurance company in the Philippines today.
PhilNaRe has been Philippine Prudential’s reinsurer since January 1, 1995.
MALAYSIAN LIFE REINSURANCE GROUP BERHAD
|Address||3B/21-3 Block 3B Level 21, Plaza Sentral Jalan Stesen, Sentral 5 Kuala Lumpur, Sentral 50470 Kuala Lumpur, Malaysia|
|Telephone||+603 2780 6611|
|Fax||+603 2780 6622|
On January 2008, Philippine Prudential entered into a Treaty Reinsurance Agreement with Malaysian Life Reinsurance Group Berhad (MLRe)
MLRe is a joint venture between the Reinsurance Group of America (RGA) and the members of the Life Insurance Association of Malaysia (LIAM). MLRe commenced business in 1997 and now commands the largest reinsurance market share in Malaysia. It is the leader in Malaysia’s facultative life reinsurance market today.
SCOR GLOBAL LIFE
|Singapore Branch||143 Cecil Street No. 22-01/04 GB Building Singapore 069542|
|Telephone||+65 6309 9450/+65 6220 1730|
|Fax||+65 6220 1202|
SCOR Global Life has been Philippine Prudential’s Reinsurer since 2006.
A subsidiary of the SCOR group which operates in over 120 countries around the world, SCOR Global Life was born in 2006 from the merger of SCOR Vie which is a leading French Reinsurer; and Revios, a former life reinsurance unit of GERLING GLOBAL Re of Germany.
SCOR Global Life is the 5th largest Life Reinsurer in the world. It offers a broad range of reinsurance for individual and group life insurance, long-term care, substandard risks, critical illness and financing products.
SCOR Global Life is structured around for Market Units namely, the “Southern and Western Europe and Asia”, “Central & Eastern Europe & Middle East”, the “Americas”, and “Northern Europe”.
SCOR at present has 44 offices across the five (5) continents. It has €29 Billion balance sheet and €1.7 Billion operating cash flow over the last 24 months.