Reynaldo Manalac
President & CEO at PNB General Insurers Company, Incorporated - Pasay, , Philippines
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PNB General Insurers Company, Incorporated
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PNB General Insurers Company, Incorporated (PNBGen), the non-life insurance company of the Philippine National Bank (PNB), commenced operations in 1991. PNBGen is now considered as one of the fastest growing and highly competitive insurance companies in the Philippines. This accomplishment is evident in PNBGen's impressive growth and performance for the past years. PNBGen's birth came with the acquisition of the Charter Insurance Co., Inc. (CICO) by the PNB Holdings Corporation, a wholly owned subsidiary of PNB. The Securities and Exchange Commission subsequently approved the change of CICO's corporate name to PNB General Insurers Co., Inc. (PNBGen) in October 1991. Owing continued success to the unyielding confidence of its highly satisfied customers, the company has attained a creditable level in premium production during its initial years, making it one of the larger non-life insurance companies in terms of gross premium in only a few years time. PNBGen is backed up by S&P rated reinsurers like Munich Re-Germany (AA-), Toa Re-Japan, Sirius International-Sweden (A-), and Scor Re-France (A-) PNBGen is commited to the pursuit of service excellence, stability and product innovation while extending its marketing reach throughout the archipelago.