Malayan Insurance gains stable S&P rating
March 2011

Malayan Insurance's leading market position, consistent investment performance and sound capitalization were key factors that merited another BB/Stable financial strength rating from Standard & Poor's, one of the world's most respected global credit ratings agencies.

The company outlook is notable in the face of what S&P determined as a challenging operating environment, characterized by lower capital requirements, higher industry tax, and a weaker regulatory oversight compared with other regional markets. S&P stated that the current volatility of the company's underwriting performance is expected to improve over the next three to five years due to better risk selection and a higher number of retail products.

In its latest report, the agency further stated: “Malayan has a strong business position as the largest non-life insurance company in the Philippines. It has strong parentage, a long record of operations, deep corporate relationships, and a wide branch network that has helped it maintain a leading 20% market share of gross premiums. Its share in the fire class is even larger, at about 31%, due to long-established relationships.”

Based on data from the Philippine Insurance Commission, Malayan Insurance has been consistently ranked number one in the non-life insurance industry for the past 40 years. As of end-2009, the company has assets of over P15 billion, and gross premiums worth over P6.2 billion, more than double its nearest competitor. Malayan Insurance also recently gained an upgrade in its ISO certification, from ISO 9001:2000 to ISO 9001-2008 from Certification International U.K., following the successful audit of the company's Quality Management System (QMS) conducted in 2010. The certification is a testimony to Malayan’s mission to provide service excellence and world-class insurance protection for its clients.

Malayan Insurance is currently celebrating 81 years of service excellence, strength and stability. Founded in February 1930, it now has a network of 34 offices in key cities nationwide. Together with its subsidiaries Bankers Assurance Corporation (BAC) and First Nationwide Assurance Corporation (FNAC), Malayan Insurance forms the country's biggest group of non-life insurance companies.

Malayan Insurance is ISO 9001: 2008 Certified
March 2011

Certification International U.K., Ltd approved the upgrade of Malayan Insurance’s certification from ISO 9001:2000 to ISO 9001:2008. The confirmation was based on the successful audit of Malayan’s Quality Management System (QMS) conducted in 2010.

ISO 9001:2008 is a new standard model for a well planned quality management system, a foundation for organizations seeking disciplined and controlled processes to help achieve customer satisfaction and continual improvement.

Certification International especially cited the strengths of the Malayan’s QMS and the activities that have been initiated by the company’s different departments to meet their quality objectives, and ensure external and internal customer satisfaction. The certification is a testimony to Malayan’s mission to provide service excellence and world-class insurance protection for its clients.

Malayan Insurance is currently celebrating 81 years of service excellence, strength and stability. Founded in February 1930, Malayan in a member of the Yuchengco Group of Companies. The Insurance Commission of the Philippines has consistently ranked Malayan Insurance as the number one non-life insurance company in the country, in terms of gross premiums written and premiums earned, for the past 40 years. It has been given a financial strength rating of B++ (Good) and an issuer credit rating of “bbb” by A.M. Best, the world’s most authoritative insurance rating company. Malayan Insurance has likewise received a “BB” positive rating from Standard & Poors.

A.M. Best Affirms Ratings of Malayan Insurance Co., Inc.
March 2011

A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb” of Malayan Insurance Co., Inc. (MICO). The outlook for all ratings is stable. Since 2005, A.M. Best has provided MICO with a favorable rating for six (6) consecutive years.

The ratings reflect MICO’s strong business profile, adequate level of capitalization and consistent investment performance.

Despite the competitive environment of its main operating market, MICO has maintained its leading position as the largest non-life direct insurer in the Philippines in terms of gross premiums written in 2009.

The company’s investment performance remained good in 2009, generating sufficient earnings to offset the underwriting loss and to record positive net income. Offsetting these factors is the volatility of the underwriting performance and the competitive operating environment in the non-life insurance sector of the Philippines.

The principal methodology used in determining these ratings is Best's Credit Rating Methodology - Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Additional key criteria utilized include: “Understanding Universal BCAR”; “Natural Catastrophe Stress Test Methodology”; “Rating Members of Insurance Groups”; “Assessing Country Risk”; and “Risk Management and the Rating Process for Insurance Companies.”

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source.

Malayan Insurance is currently celebrating its 81st year in the Philippine non-life insurance industry. It offers a range of property and casualty products that offer protection for homes, motor vehicles, businesses, families and individuals nationwide. It has a branch network of 34 offices located in key cities all over the Philippines. It is a member of the Yuchengco Group of Companies.

Malayan signs agreement with BSP Provident Fund
February 2011

Malayan signs agreement with BSP Provident Fund. Malayan Insurance recently signed an agreement with the Bangko Sentral ng Pilipinas Provident Fund. The partnership provides members of BSP with Malayan’s comprehensive motorcar insurance product. Photo shows (from left to right) Malayan Insurance Underwriting Head Joel T. Almagro, Malayan Insurance President Yvonne S. Yuchengco, Deputy Governor and General Counsel Juan De Zuniga and BSP Provident Fund Office Director Victor G. Garlitos.

Malayan Insurance celebrates the legacy of the YGC
February 2011

The 81st year of Malayan Insurance is an occasion of much celebration and thanksgiving, as it coincides with the commemoration of 100 years of its parent conglomerate, the Yuchengco Group of Companies.

Under the initiative of YGC Chairman Amb. Alfonso T. Yuchengco and Malayan Insurance Chairperson Helen Y. Dee, the 60-plus firms under the Yuchengco Group celebrated the centennial anniversary of the YGC in one lavish night that drew over 1600 guests and business partners at the Philippine International Convention Center.

Malayan Insurance will always occupy a special place in the annals of the conglomerate, being the precursor of what has now become a vast corporate empire that spans many industries.

Unfold the history of the Yuchengco Group of Companies, and one can trace its principles of providing exemplary service, helping improve lives and contributing to nation building back to the founding of its first corporate keystone.

Don Enrique T. Yuchengco founded the China Insurance and Surety Company in 1930 out of the vision to provide exemplary insurance service and operate through fair dealings and speedy settlement of just and valid claims. Even through the war years, despite heavy losses, the company managed to sustain its integrity and win the trust and respect of clients. On February 16 1949, the company was renamed the Malayan Insurance Company, Inc.

To this day, the strength of its founding vision propels Malayan to excellence. It reached the top spot in the non-life insurance industry in 1970 and has stayed there year after year ever since. An ISO 9001:2000 world-class certification attests to its continuous commitment to improve its processes and the quality of its products and services. Favorable ratings from both A.M. Best and Standard and Poors also attest to its strong financial position and capability to meet its financial obligations. As the number 1 non-life insurance company in the country, it has the biggest paid-up capital and is unsurpassed in terms of gross premiums written and premiums earned.

Though its own legacy is already secure, Malayan Insurance and its employees remain ever vigilant and committed to serve and maintain the excellence it has honed through the years.

Malayan Insurance executive is best young ASEAN Manager
November 2010

Malayan Insurance's Senior Manager Carlo Angelo B. Diaz recently won the prestigious Young ASEAN Manager Award (YAMA) given annually by the ASEAN Insurance Council (AIC) to honor outstanding young managers for their achievements, contribution and dedication to the insurance industry in the region.

Diaz bested 30 other nominees from across ASEAN countries based on his commendable leadership qualities, series of achievements and significant contributions to the growth and development of the insurance industry.

The award was presented by the Deputy Insurance Commissioner of the Philippines, Ms. Vida Chiong at a welcoming dinner held at the Manila Polo Club. The other two finalists were Ms Siti Nita Zuhra Mohd Nazri of Etiqa Insurance Berhad, Malaysia; and Mr Koh Hong Kwan of Great Eastern Life Assurance Co Ltd, Singapore.

Diaz has been with Malayan Insurance for over 12 years and honed his expertise in sales, marketing, underwriting, risk management, reinsurance, claims, product development and microinsurance. He helped expand Malayan's retail business, contributing to an average yearly growth of 53 percent over a six-year period. As head of Personal Accident (PA) Underwriting in 2009, he helped the company generate P380.75 million in gross premiums and overtake the leading competitor for PA in the non-life industry.

He also represented the Philippine Insurers and Reinsurers Association (PIRA) in assisting the government with the formulation of a microinsurance national strategy and regulatory framework, which was launched last January 2010. Currently handling Malayan's microinsurance projects, Carlo sees the potential of opening insurance access to nearly 26 million low-income Filipinos.

Now on its 7th year, the YAMA Award is one of the key highlights during the Annual ASEAN Insurance Regulators Meeting and ASEAN Insurance Council Meeting where over 100 key industry leaders from the region share information and conduct collaborative initiatives.

Malayan Insurance joins 6th International Microinsurance Conference
November 2010

Malayan Insurance, the country's no. 1 non-life insurance company, recently showed its support to the development of the microinsurance sector by participating in the 6th International Microinsurance Conference held in Intercontinental Hotel Manila last Nov. 9 to 11, 2010. The event, hosted by Munich Re Foundation and the Microinsurance Network, gathered over 500 participants from 50 countries to discuss the challenges and opportunities facing the burgeoning microinsurance industry worldwide. Malayan Insurance Chairperson Helen Y. Dee (in photo, 4th from left) was among the panelists who shared innovative and sustainable microinsurance programs aimed at establishing financial safety nets for the poor. With her are (from left): Joselito C. Bantayan, first vice president of Malayan Insurance; Reynaldo C. Soto, EVP and Group Marketing Operations Head of GREPALIFE Financial Inc.; Dr. Antonis Malagardis, project manager of GTZ – Microinsurance Innovations Program for Social Security (MIPSS); and Malayan Insurance's Enofre G. Manuel, vice president and chief retail underwriter; and Carlo B. Diaz, Senior Marketing Manager.

YGC Buhay Rizal campaign reaches Rizal's hometown
November 2010

Calamba City, the birthplace of Dr. Jose Rizal, recently became the 6th municipality to receive a significant endowment from the Yuchengco Group of Companies (YGC). The conglomerate has partnered with the local government to initiate the restoration and beautification of the city's Rizal monument, in line with the YGC's ongoing Buhay Rizal campaign that aims to spread the Filipinos' patriotic pride and positive values espoused by the national hero. Similar projects were already completed in the cities of Baguio, Batangas, Iloilo, Davao and Bacolod, with more key areas lined up nationwide. Moreover, the YGC will bring in the Rizalian Books Donation Program that will distribute free copies of Rizal's Noli Me Tangere to public high school students. Photo shows City Mayor Joaquin M. Chipeco Jr. (center) showing his appreciation for the proposed design improvements being presented by YGC Chairperson Helen Yuchengco-Dee (left) and Yvonne S. Yuchengco (right), President of Malayan Insurance, the sponsoring company for this project.

Insurance Industry Honours Cream of Asia's Crop
October 2010

Bali, Indonesia, 17 October 2010 – The crème de la crème of Asia's insurance industry was feted at the 14th Asia Insurance Industry Awards with several surprises.

For the first time, a Chinese company – China Pacific Life - swiped one of the most prestigious titles in the long history of the Awards, winning the Life Insurance Company of the year. Lonpac Insurance became the first Malaysian winner of the prestigious General Insurance Company of the Year award in recognition of its responsiveness to customer needs and solid financial performance.

Another head turner was the Personality of the Year Award given to Mr Leslie Mouat, Chairman of Chartis Asia Pacific, for holding the team and the fort together in the wake of the global financial crisis and the AIG trauma.

Sompo Japan Insurance won the inaugural Green Company of the Year, awarded to the company which has given long-term commitment and resources to a sustainable green programme and has ensured its successful implementation. It is hoped that this Award will make the insurance industry more conscious of not only going green but also encouraging its clients to do the same.

India emerged as the market that won the most number of Awards, winning three of the 14 categories with Technology Initiative, Educational Service Provider and Corporate Social Responsibility.

The prestigious annual Awards are keenly contested by players in the Asian insurance markets in the region each year, and 2010 was no exception. The winners were selected by industry peers with 27 distinguished insurance leaders serving on the Panel of Judges.

The 14th Asia Insurance Industry Awards were jointly organised by Singapore-based Asia Insurance Review and London-based The Review Worldwide Reinsurance magazines. This year's Awards presentation was held on the eve of the 25th East Asian Insurance Congress and attended by more than 400 senior executives and officials from the insurance industry at The Westin Resort Nusa Dua, Bali, Indonesia.

The Winners for 2010 are:

Life Insurance Company of the Year
China Pacific Life (CPIC Life)
One of the pioneers of China's life insurance industry, CPIC Life has responded to market demands with products covering all seasons of life, using technology to reach out to customers.

General Insurance Company of the Year
Lonpac Insurance
Lonpac impressed the judges with its use of in-depth product knowledge and technology to meet customers' needs, while consistently maintaining a good financial performance.

Educational Service Provider of the Year
Joint Winners:
Australian & New Zealand Institute of Insurance and Finance (ANZIIF), and the MicroInsurance Academy (MIA)
ANZIIF was recognised for its continued achievement in developing and enhancing professional industry standards, while MIA's innovative training methods won admiration from its peers and the judging panel.

Innovation of the Year
EQECAT
EQECAT's Asia typhoon model has revolutionised the way in which the insurance and reinsurance industry evaluates risk in the region.

Service Provider of the Year
ReMark International
Having operated in Asia since 1986, ReMark has become the market leader in providing alternative distribution and marketing solutions to its insurance partners across the region.

Broker of the Year
Marsh
The five-time winner of the Broker of the Year award continues to help its clients succeed in unpredictable environments.

Reinsurance Broker of the Year
Guy Carpenter
A winning combination of its global platform with local knowledge and execution capabilities has helped Guy Carpenter clinch the Reinsurance Broker of the Year title for the fourth time.

General Reinsurer of the Year
Allianz SE Reinsurance Branch Asia Pacific
Allianz SE Reinsurance Branch Asia Pacific is the General Reinsurance Company of the Year for the second time running, thanks to its client focus, consistently sound technical advice and tailor-made solutions.

Life Reinsurer of the Year
Swiss Re
Swiss Re has overcome the challenges of 2009 to win the Life Reinsurer of the Year accolade for the third time.

Corporate Social Responsibility Award
Aviva Life Insurance Co India
Aviva Life Insurance of India impressed the judging panel by demonstrating how corporate social responsibility can be closely and successfully tied with business strategy.

Green Company of the Year
Sompo Japan Insurance
Sompo Japan's long-running green programme and its tireless efforts in championing green initiatives have made it the clear winner in this category.

Technology Initiative of the Year
Financial Information Network and Operations Ltd (FINO)
For transforming the delivery of micro-health insurance services, FINO of India has won the inaugural Technology Initiative of the Year award.

Personality of the Year
Leslie John Mouat
Caring boss, consummate professional, industry expert and iron-disciplined corporate manager – these are fitting attributes of Les Mouat, Chairman of Chartis Asia Pacific, who demonstrated extraordinary leadership during the toughest of times.

Lifetime Achievement Award
Alfonso T Yuchengco
Alfonso Yuchengco has won the Lifetime Achievement Awards for his career as a businessman, banker, insurance maverick and diplomat.

Bernie Fung (1953-2010)
Bernie's sudden, untimely death earlier this year was a big blow to the industry and to all who knew him. This Award is a tribute to what he did for the industry he was so committed to..

Malayan Insurance's anniversary promo winners tour China.
September 2010

A lucky policyholder of Malayan Insurance recently won a 6-day trip to China in the conclusion of the company's 80th year Blowout Promo. Policyholder Adolfo Olivan of Naga City won the trip together with his homepartner agent Leticia Loveres, both of whom will be bringing their spouses to enjoy the tour of the cities of Beijing and Shanghai. The promo, which commemorated Malayan Insurance's 80th year of service, also gave away minor prizes consisting of gift worth P500 each. Photo shows Ms. Maucie Cuna of Pan Malayan Express (right) awarding the travel voucher to the winners, Mr. and Mrs. Adolfo Olivan.

Malayan Insurance and YGC strengthen ties with Baguio City.
August 2010

The local government of Baguio City recently expressed its appreciation to the Yuchengco Group of Companies (YGC) for its numerous socio-civic programs implemented through the YGC Buhay Rizal campaign. The latest project was the YGC's donation of over 2,000 copies of Dr. Jose P. Rizal's Noli Me Tangere book to the students of Baguio City National High School as sponsored by YGC principal member Malayan Insurance, the country's leading non-life insurance company. This significant outreach program further strengthened the relationship between the YGC and Baguio City, as attested when Malayan Insurance was invited to participate in the weekly flag-raising ceremony at the Baguio City Hall. Shown in photo is Malayan Insurance President Yvonne S. Yuchengco (center) during the symbolic turnover of Rizal's literary masterpiece to Baguio City Mayor Mauricio Domogan. With them are (from left) City Vice Mayor Daniel Fariñas and Malayan Insurance officers led by Executive Vice President Antonio M. Rubin and Senior Assistant Vice President Martin D. Yuchioco.

Malayan Insurance donates Rizal books to Baguio City HS students.
August 2010

Students of Baguio City National High School recently received a donation of over 2,000 Noli Me Tangere books from Malayan Insurance, the country's leading non-life insurance company. This endowment of copies of the novel penned by Dr. Jose P. Rizal is part of the Buhay Rizal nationwide socio-civic campaign of the Yuchengco Group of Companies (YGC), to inculcate greater pride and respect for the country’s national hero among the youth as well as the general public. Malayan Insurance is one of the flagship companies of the YGC.

Shown in photo are (from left): DepEd Regional Director Dr. Josefina Tamondong, DepEd Assistant Regional Director Dr. Vilma Ambat; DepEd Superintendent Dr. Elen Donato; BCNHS Principal Dr. Elma Donaal; Baguio City Administrator Atty. Nestor Calinao (representing Baguio City Mayor Mauricio Domogan); Malayan Insurance President Yvonne S. Yuchengco; Malayan Insurance Executive Vice President Antonio M. Rubin; YGC Local Council of Baguio Chair Sheila Choy of RCBC; Malayan Insurance Senior Assistant Vice President Rodelio M. Nob.

Malayan Insurance and MABS Partnership.
July 2010

Malayan Insurance, the country's leading non-life insurance company, proudly receives a Certificate of Appreciation from the Microenterprise Access to Banking Services (MABS) in acknowledgement of its role in advocating “microinsurance”, to provide insurance “safety nets” to microentrepreneurs and microfinance beneficiaries. MABS, which is supported by the US Agency for International Development (USAID) and implemented in partnership with the Rural Bankers Association of the Philippines (RBAP), is designed to accelerate national economic transformation by encouraging the Philippine rural banking industry to significantly expand access to microfinance services. Malayan's efforts complement the MABS program by helping the poor realize the value of having a financial safety net against various risks that threaten their efforts to rise from poverty. Photo shows Malayan Insurance head of Integrated Marketing Communications Mr. Martin D. Yuchioco bearing the Certificate with (from left) USAID Acting Deputy Mission Director Mr. Roger Carlson and MABS Chief of Party Mr. John Owens. With them are (from left) USAID Contracting Officer's Technical Representative Ms. Teresita Espenilla; MABS Deputy Chief of Party Ms. Meliza Agabin; and MABS Microinsurance Coordinator Ms. Ruth Aseron.

Malayan Insurance: #1 @ 80!
July 2010

Malayan Insurance continues to be the leader in the Philippine non-life insurance industry. The company is at the top of the rankings now for the 40th consecutive year, since 1970.

Malayan led the industry by posting gross premiums written (GPW) worth over P6.1 billion and more than P2.5 billion in terms of premiums earned, certainly by far, the largest in the industry based on a comparison of financial statements of non-life insurance companies submitted to the Insurance Commission earlier this year.

A.M. Best Co. and Standard & Poor’s, two of the most credible ratings agencies in the world, have again given Malayan Insurance a generally stable financial strength rating. A.M. Best recently affirmed the company’s financial strength rating of B++ (Good) and the issuer credit rating of “bbb,” while S&P gave a rating of BB- Stable, citing Malayan’s strong market position that offsets the volatility of its operating environment. Both ratings agencies continue to recognize Malayan’s strong business position as the largest non-life insurance company in the Philippines. Malayan Insurance also has an ISO 9001:2000 certificate from Certification International U.K. Ltd. that attests to its commitment to adhere to globally accepted quality management standards.

Established in 1930, Malayan Insurance marks another milestone as it celebrates its 80th anniversary this year. Highlighted by a celebration held at the Sofitel Philippine Plaza, the gala affair dubbed “Two Great Stories, One Incredible Celebration” was shared with Rizal Commercial Banking Corporation (RCBC), which will in turn celebrate its 50 anniversary later this year.

The celebration was graced by President Gloria Macapagal-Arroyo upon the invitation of Sec. Alfonso T. Yuchengco, Chairman of the Yuchengco Group of Companies (YGC), a hugely diversified conglomerate that considers Malayan Insurance its keystone institution. Top executives of YGC and its affiliates witnessed the auspicious event as it paid tribute to its patriarch’s legacy.

Malayan continuously strengthens its leadership in the non-life insurance industry, abiding by the core values set by its founders: quality service maintained consistently above standards, professionalism, loyalty, and sincerity in fulfilling its commitment to serve and provide insurance protection to the Filipino people. Malayan Insurance, who has built the business on trust and integrity, indisputably, shall remain focused on maintaining its leadership and build further support from its business partners, clients and agents to obtain more milestones.

An opening highlight is the presentation of “Greatness Together” brass sculpture given to YGC Chairman, Sec. Alfonso T. Yuchengco.

Mr. William Martirez, Country Manager of Micro Insurance Agency; Mr. Victor P. Quisumbing, Great Pacific Life President; Atty. Eduardo Malinis, National Insurance Commission Chairman; Ms. Yvonne S. Yuchengco; and Mr. Bobby Crisol of National Reinsurance

Mr. Kenji Endo, Chief Consul fo Embassy of Japan; Mr. Yasuhiko Arimitsu, President of the Japanese Chamber of Commerce & Industry; Mr. Richard Austen, Chief Executive Officer of Asia Reinsurance Brokers Private Limited

Ms. Helen Y. Dee; Mr. Ezzat-Abdel Bary, FAIR Secretary General; Mr. Paul Finn, Managing Director of The Bank of New York Mellon; Mr. Dennis J. Bessant, Vice President & Manager of FM Insurance Company Limited; and Mr. Mark Morley, Regional Director of Willis Singapore Private Limited

The anniversary toast was led by President Gloria Macapagal-Arroyo, together with Sec. Alfonso T. Yuchengco, Mrs. Helen Y. Dee, Malayan Insurance President Yvonne S. Yuchengco and RCBC President Lorenzo V. Tan.

Performances from five of the country’s most respected vocal talents: Isay Alvarez, Jenine Desiderio, Bo Cerrudo, Frenchie Dy, Robert Seña.

Malayan Insurance maintains stable financial strength outlook
May 2010

Strong capitalization and business profile, combined with its consistent investment performance, have been cited once again as factors that enabled Malayan Insurance to attain a generally stable financial strength rating from A.M. Best Co and Standard & Poor's, two of the most credible ratings agencies in the world.

A.M. Best recently affirmed the company's financial strength rating of B++ (Good) and the issuer credit rating of “bbb,” while S&P gave a rating of BB- Stable, citing Malayan's strong market position that offsets the volatility of its operating environment.

A.M. Best also revealed its recognition of the company's implementation of a risk management framework in 2009, by which risks are monitored and controlled more effectively.

“MICO's capital position is supportive of the current ratings, given its stable investment risk profile and adequate reinsurance support. The company's prospective risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), will remain adequate relative to its anticipated business growth,” the agency stated.

Both ratings agencies continue to recognize Malayan's strong business position as the largest non-life insurance company in the Philippines. A.M. Best states it is likely to maintain 5-percent to 10-percent in premium growth through 2011, despite challenging market conditions.

Concurrently, S&P states that Malayan's underwriting performance is expected to improve over the next three to five years through risk selection and a greater number of retail products. Its overall earnings will remain acceptable even though the local industry suffers from high risks brought about by weaker regulatory oversight, lower capital requirements and higher taxes compared with other regional markets.

“Its deep parentage, long record of operations, deep corporate relationships, and wide branch network help it maintain a leading 20 percent market share of gross premiums,” S&P said. Malayan is among the few Filipino companies rated by the global firm.

With over P6.2 billion gross premiums written and over P2.8 billion premiums earned, more than double the figures of its nearest competitor for 2008, Malayan Insurance continues to lead the local industry rankings. Now on its 80th year of operations, it has an ISO 9001:2000 certificate from Certification International U.K. Ltd. that attests to its commitment to adhere to globally accepted quality management standards.

Malayan Cebu Branch Celebrates 60th Anniversary
March 2010

Sixty years ago, during the year of the Tiger, Malayan Insurance opened its office in Cebu City on March 1, 1950. Fast forward to six decades later, Malayan Insurance Cebu stands stronger than ever and determined to take on greater opportunities. Malayan Insurance Cebu has reached another milestone as it celebrates its 60 years of leadership this 2010, also a Tiger year.

With the theme Greater Opportunities, the event was held at the Main Ballroom of the Casino Espanol in Cebu City last March 25, 2010. The anniversary celebration, alongside a Kumustahan, was attended by Cebu Branch’s top agents, clients, business partners, Malayan officers and employees and representatives from YGC sister companies.

Ms. Beth Padilla (Rookie of the year), Ms. Laila Nunez (#1 in Premium Growth), Mr. Roger dela Cruz (#1 in Premium Generation), Ms. Yvonne Yuchengco.

Mr. Yvonne S. Yuchengco together with the Loyalty Awardees Mr. Fermin Ynclino, Mr. Harrison Pow, Mr. JohnnyYoung, and Mr. Jani Arnaiz (representing Mr. Gus Arnaiz).

Malayan Insurance officers enjoying the evening of the celebration with the guests.

Malayan Insurance team in Cebu after the successful celebration.

Malayan marks 80th year, continues dominant run
February 2010

Malayan Insurance, the country's no. 1 non-life insurance company, celebrates 80 years of service this year and expresses its confidence of retaining its dominant position in the industry.

The latest figures by the Insurance Commission reported that Malayan continued to lead the rankings with over P6.2 billion gross premiums written and over P2.8 billion premiums earned, more than double the figures of its nearest competitor for 2008.

Established in 1930, Malayan reached the no. 1 spot in 1970 – and stayed consistently up to the present. Under a culture characterized by a strong sense of competitiveness and service commitment, its employees remain vigilant of opportunities to maintain this unique streak of excellence.

“Malayan Insurance has a rich legacy of providing policyholders the best non-life insurance protection and prompt settlement of claims at all times. We painstakingly built its name to become synonymous with non-life insurance, and everyone in the company are constantly working to maintain that,” said company president Yvonne S. Yuchengco.

This level of commitment, she continued, was displayed during last year's most challenging times. “From working through economic difficulties that affected the entire industry to meeting the enormous claims brought about by typhoons Ondoy and Pepeng, we were able to show how strong and determined we are to meet our obligations to our policyholders,” Ms. Yuchengco said.

The company continues to gain favorable outlook as well from respected ratings agencies such as Standard and Poor’s. After giving Malayan a positive financial strength rating outlook, S&P gave a new rating of “axBBB” indicating the insurer's strong capital base and its capability of meeting its financial obligations.

A.M. Best, the world’s oldest, full service credit rating organization, also affirmed Malayan’s financial strength rating of B++ (Good) and the issuer credit rating of “bbb,” both with a stable outlook. In addition, the company gained an ISO 9001:2000 certificate from Certification International U.K. Ltd. as testament to its globally accepted quality management standard.

Malayan enjoys the lion's share in the Philippine non-life insurance industry, having achieved 20% market share in a market of 87 insurance companies. Together with Bankers Assurance Corporation (BAC) and the First Nationwide Insurance Corporation (FNAC), it forms the Malayan Group of Insurance companies., the largest non-life insurance group in the country. For more information, visit www.malayan.com.

Insurer gets ‘axBBB-’ rating from S&P
July 2009

Monday, July 13, 2009 | MANILA, PHILIPPINES

Insurer gets ‘axBBB-’ rating from S&P

YUCHENGCO-LED Malayan Insurance Co. Inc. has received an axBBB- rating from Standard & Poor’s, which the credit rater said indicates the insurer’s capability to meet its financial obligations but vulnerability to adverse economic conditions.

In a statement last Thursday, S&P said Malayan Insurance was among the first three insurance firms that it rated using the so-called "ASEAN regional scale ratings."

"The ASEAN ratings reflect our current opinion of the overall creditworthiness of an insurer ("obligor") to meet its financial obligations as they come due, relative to other ASEAN (Association of Southeast Asian Nations) obligors," it said.

The two others were Muang Thai Life Assurance Co. Ltd. and Thai Life Insurance Co. Ltd., both based in Thailand.

Muang Thai received an axA+ rating, and Thai Life, axAA-.

S&P explained that an insurer rated"axAA" has a "strong capacity to meet its financial commitments relative to that of other ASEAN obligors" while an insurer rated "axA" also has a high capacity to meet its financial obligations but is "somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than higher-rated obligors."

An ’axBBB’ rating means an insurer can meet its financial commitments but adverse economic conditions may weaken its capacity to meet its obligations.

Malayan Insurance is the largest non-life insurer in the country with assets amounting to P11.57 billion as of end-2008.

Preliminary data from the Insurance Commission showed that the company’s gross premiums reached P6.22 billion last year, 16% higher than in 2007.

Malayan Insurance donates to Sta. Cruz Elementary School
July 2009

Malayan Insurance donates to Sta. Cruz Elementary School. Malayan Insurance recently formalized its pledge of aid to Sta. Cruz Elementary School in Cebu, through the community service initiative, Malayan's Adopt-A-School program. The country's leading non-life insurance company turned over a donation of school supplies, textbooks, school chairs, and other basic essentials to the school administrators, and local Department of Education officials in Cebu. Photo shows (seated, from left): Lourdes Jimeno, District Supervisor of the Department of Education; Nonito Andan, school principal, Yvonne S. Yuchengco, Malayan Insurance President; and DepEd Superintendents Leah Noveras and Gregorio Elijorde. Behind them are (from left) Lorna T. Pabelico, SAVP-Human Resources Head; Ma. Theresa B. Tiu, Senior Vice President-MIS Group Head; Estrada Tague Jr., PTA head; Gema Cheng, 2nd Vice President-Operations Group Head; Pamela Andan; Antonio M. Rubin, Executive Vice President-Sales and Underwriting Group Head; and Joel T. Almagro, 2nd Vice President-Underwriting Division Head.

Climate change hikes demand for protection
July 2009

Published on Manila Bulletin, July 08, 2009

Climate change hikes demand for protection

The unusually severe typhoons that hit the Philippines in the first week of May this year and signaled an early end to the summer season, left a trail of losses, as well as crop and property damages in the Bicol region and Northern Luzon.

The Philippine Atmospheric, Geophysical, and Astronomical Services Administration, or PAGASA-DOST, has declared that the early storms were due to the effects of climate change on the normal weather patterns of the country.

Climate experts have further warned that other effects of climate change to weather in the Philippines would be an increase in the intensity of typhoons hitting the country, as well as shifts in the normal paths of these weather disturbances.

This erratic weather phenomenon should be taken as a wakeup call for everyone to protect themselves against financial losses should their properties be lost or damaged by floods, typhoons, and other calamities, according to a non-life insurance company executive.

“Filipinos tend to see the value of having their families, properties and crops insured only in the face of calamities,” said Enofre G. Manuel, vice president and chief retail underwriter for Malayan Insurance, the country’s largest property insurance company.

With the worsening climate change, though, storms can come when you least expect it, necessitating immediate action. “Even the largest reinsurance Companies have predicted the increased need for property insurance, due to changes in the world’s weather patterns,” said. Manuel.

“Hence we positioned our two retail property products, Home Protect and Business Protect, as a necessity for the home-owner or renter, and businessman, to face the upcoming storms. Calamities can strike anytime, so people should take precautions while they still have their properties intact,” Manuel said.

Malayan’s quick, proactive response to the numerous claims in the aftermath of typhoon Emong, Dante and Crising became a plus factor in winning new clients, revealed Malayan’s chief retail underwriter.

“We have a record of paying all just and valid claims, no matter the amount or location of the claim. This is something Malayan Insurance is known for in the industry, something we do not have to spend money advertising for,” he said.

Home Protect and Business Protect are Malayan’s premier property insurance products that give thorough coverage against man-made and natural disasters, including third-party claims of injury via property damage. They also give financial protection against various incidents that can disrupt either a family’s quality of life or one’s business operations.

Gabi ng Parangal
Agents' Recognition Night 2009
March 2009

Last March 27, the Malayan's Agents' Recognition Night was held at the Makati Sports Club in Salcedo Village, Makati. Dubbed as Gabi ng Parangal, it is an annual event to give thanks and honor to Malayan Insurance's agents and business partners who have made extraordinary contributions to the company.

For thirteen years now, the annual recognition night once again gathered top performing Malayan intermediaries coming from provinces all over the country. In addition to the awards given, the intermediaries were treated with raffle prizes, entertainment and good food.

The program formally opened with an invocation by Ms. Daisy Cancio of Licensing Service Office. Ms. Vicky Alcid of Training Department then introduced the well-respected key-note speaker, Mr. Bo Sanchez who conducted a seminar on “Eight Secrets of the Truly Rich”. The seminar aimed to contribute to the professional and personal growth of the agents as Mr. Sanchez gave them tips to reach financial success.

Following the seminar, Chairman Helen Y. Dee paved way to the Gabi ng Parangal by delivering the welcome remarks. She congratulated the top performers and encouraged MICO intermediaries to continue to rise above the challenges of the current global financial situation. Reiterating the importance of staying true to Malayan’s core values such as passion for excellence, professional discipline, loyalty, sense of urgency and teamwork, she congratulated everyone for a job well done.

During dinner, the guests were serenaded by in-house talents Ms. Aileen Carandang of Makati branch and Mr. Nilo Ona of Lifetime Plans. After this, event hosts Ms. Karen Dizon and Mr. Dante Mayo of Sales announced the awardees in their respective categories.

Before the program ended, Mr. Michael Ballesteros of Sales presented the new rewards program entitled “Tuloy-tuloy ang Suwerte”. Similar to the recently concluded Mas Masuwerteng Pabuenas Rewards program, they have made the 2009 rewards program more exciting for the agents.

The event was also supported by YGC sister companies like RCBC, Bankard, RCBC Savings, Honda, Isuzu, Grepalife, GAMC, Pan-Malayan Express, Go! Travel, and Funenaria Paz. Tables for these companies were set-up outside the main hall of Makati Sports Club to cross-sell their products and services to the guests. Exciting giveaways and prizes were provided to the agents when they visited the booths.

MALAYAN INSURANCE PROVIDES PROMPT SERVICE TO GREEN BANK OF CARAGA:
March 2009

Fulfilling its commitment to ensure the speedy settlement of just and valid claims at all times, Malayan Insurance, the country's no. 1 non-life insurance company recently processed the fire loss claim of the Green Bank of Caraga. The bank, the largest in the Caraga region, sustained a fire loss in its Roxas City branch, resulting in damages. Such high level of responsiveness to the needs of its clients is among the hallmarks that have made Malayan the leading name in non-life protection. Shown in photo are(from left) Conceso Olarita, Malayan-Cagayan de Oro branch manager together with Green Bank of Caraga executives.

CANON Free PhotoRX Insurance Promo
March 2009

Malayan Insurance has partnered with Canon for the leading camera makers' "EOS DSLR Camera Insurance Promo" for the period March 15 to April 15, 2009. Every purchase of participating Canon EOS cameras entitles the buyer to a free Malayan Photo Rx insurance, the country's first insurance product for hobby and professional photographers. PhotoRx covers a photographer's equipment against damage due to accident or fire as well as physical loss due to robbery and theft whether here in the Philippines or abroad. To top it all, it also includes protection for the camera owner, the photographer's assistant and portfolio. This summer, Canon and Malayan Insurance has you both covered!

Canon Marketing Philippines is the exclusive distributor of Canon equipment here in the country. Canon is a renowned global leader in photographic and digital imaging solutions.

Malayan Shines at 79
February 2009

Malayan Insurance celebrated 79 years of insuring the Filipino public last February 16, 2009 at the 10th Floor of the Yuchengco Tower in Binondo.

Hosted by Ms. Lorna T. Pabelico of HR and Mr. Mike Ballesteros of Sales, the anniversary program consisted of various activities beginning with a Thanksgiving Mass and the office blessing of the newly renovated 6th and 8th floors of Yuchengco Tower by Father Reno Enopeña of the Parish of San Lorenzo Ruiz in Binondo.

President Yvonne S. Yuchengco welcomed all Malayan employees and delivered her anniversary message. Following this, Mr. Renato V. Navarrete, managing director of Certification International Philippines, Inc. presented and awarded to Malayan Insurance the ISO 9001:2000 certification from the Certification International U.K. Ltd. President Yvonne S. Yuchengco together with Ms. Theresa B. Tiu, MICO’s Quality Management Representative and other ISO champions received the plaque.

The introduction of the members of the Labor Management Council (LMC) followed shortly. Employees were entertained by the lively performances of new MICO employees and Malayan's SEP (Street Education Program) beneficiaries.

The event also recognized exceptional and loyal employees of the company. The awards included the Loyalty Service Awards, for those who rendered valuable years of service; the Best Attendance and Punctuality Awards; the Extra Hours Winners; and the 2008 Malayan Exemplar Awards. The Malayan Exemplar awardees for 2008 were Ms. Hilda A. Padua of Budget and Control for the Rank and File Category; and Mr. Mark C. Miranda of IMC for the Confidential Category. 20 Years Loyalty Awardee Mr. Ranel G. Villadelrey delivered an inspirational message after the awarding of the Loyalty awardees.

The celebration was made more exciting with the presence of Malayan's celebrity endorser, Mr. Diether Ocampo. He was made co-presentor of the Loyalty Awards and the winners of the i4u Christmas Madness Promo. Mr. Ocampo's visit was a delightful surprise to the Malayan employees.

Happy 79th Anniversary to Malayan Insurance!

ISO 9001: 2000 Certification Awarded to Malayan Insurance CO., INC.
February 2009

Malayan Insurance Co., Inc. today announced that it has been awarded an ISO 9001:2000 certification by Certification International U.K., Ltd.

In a statement confirming the award, Certification International cited the evidence of good management practices within the organization, and management's ability to provide the necessary components of a globally accepted quality management system. "I am happy that we have been certified to be in conformity with ISO 9001," noted Malayan Insurance president, Ms. Yvonne Yuchengco. "The certification is testament to Malayan's drive to provide service excellence and world-class insurance protection for our clients."

The Insurance Commission of the Philippines has ranked Malayan Insurance as the number one non-life insurance company in the country, in terms of gross premiums written and premiums earned, for the past 38 years. Malayan Insurance has recently been given a financial strength rating of B++ (Good) and an issuer credit rating of "bbb" by A.M. Best, the world's most authoritative insurance rating company.

Malayan Insurance has likewise received a "BB" positive rating from Standard & Poors. "As we prepare to celebrate our 80th corporate year of insuring the Filipino public, these international recognitions are testament to the strength, stability and service excellence that our clients and partners enjoy," said Ms. Yuchengco.

ISO 9001 was originally published in 1987 by the International Organization for Standardization, a worldwide federation of national standards bodies with headquarters in Geneva, Switzerland. ISO 9001:2000 offers a model for a well planned quality management system, a foundation for organizations seeking disciplined and controlled processes to help achieve customer satisfaction and continual improvement.

Malayan Insurance is the flagship company of the Malayan Group of Insurance Companies, which includes the Bankers Assurance Corporation, and the First Nationwide Assurance Corporation. Malayan Insurance is a member of the Yuchengco Group of Companies.

YGC Launches Buhay Rizal
December 2008

A massive, multi-sector campaign to inculcate the values and teachings of Jose Rizal among the youth and the public in general was recently launched involving the various companies under the Yuchengco Group.

Dubbed as “Buhay Rizal,” the crusade aims to encourage Filipinos to relive the greatness of Rizal in their everyday lives and contribute to the country’s moral, societal, economic and spiritual uplift.

There are different components of this initiative, one of which is the Rizalian Books Program. The YGC has partnered with the Department of Education (DepEd) to tap a total of 22 public high schools in Metro Manila as recipients of a book-donation drive involving the distribution of over 22,000 copies of Rizal’s opus, “Noli Me Tangere”.

During the campaign launch, the Presidents and CEOs of all the major companies under the Yuchengco Group of Companies, led by Chairperson Helen Y. Dee, have pledged to generate funds to ensure the success of this effort.

Guest speaker Jesli A. Lapus, DepEd Secretary, lauded the “Buhay Rizal” initiative by saying “Let us hope that, through this noble program of the YGC, a better teaching method and understanding of Rizal’s life and works will be inculcated among our teaching staff and students alike, and lead to a better appreciation of what Rizal stands for.”

Likewise special guest Joey Lina, former senator and a member of the Council of Elders of the Knights of Rizal expressed his hope that this program will rekindle the age-old ideals of nationhood espoused by the National Hero.

The principals and superintendents of the 22 high schools were in full attendance for the launch. Malayan Insurance will sponsor the Neptali Gonzales High School, Mandaluyong and Jose P. Rizal High School, Quezon City.

In addition, the YGC has partnered with local government units in the provinces of Batangas, Baguio, Iloilo and Davao for another component endeavor of “Buhay Rizal,” called the Rizalian Pride Program. This involves the enhancement and beautification of Rizal monuments in the plazas of these four initial localities, culminating in a grand turnover ceremony.

Malayan hosts YGC Rizal shrine restoration project in Davao
December 2008

Last December 2, 2008, some Malayan key officers led by Chairman Helen Y. Dee and President Yvonne S. Yuchengco went to Davao for the final leg of the YGC’s drive to four key cities in the country in line with the “Buhay Rizal “ campaign. Mrs. Dee and Ms. Yuchengco joined Davao City Mayor Rodrigo Duterte for the formal agreement signing on the restoration and beautification of Rizal Shrine in the city. The event took place at the luxurious Marco Polo Hotel in Bajada, Davao City.

Among the guests were the local government officials, YGC executives and clients, illustrious local Rizalists and heads of local business organizations. In a statement of Mrs. Dee said, “We are here to restore and beautify the Rizal Shrine monument in the esteemed City of Davao, and hopefully help restore well our pride and dignity towards our National Hero Jose Rizal. Together let us make Rizal’s values alive and relevant for the betterment of our nation.”

Malayan Insurance will sponsor the project and will do the turnover in March 2009. Both the YGC and the local government agreed on the importance of this project towards contributing to the city’s competitive and progressive edge. Davao City has emerged as the premier business, investment and tourism hub in the entire southern Philippines and recognized as among the 20 Livable Cities in Asia by Asiaweek.

After the signing, the Malayan executives were then invited at the park by Mayor Duterte for the Christmas tree lighting ceremony to usher in the holiday season.

A.M. BEST AFFIRMS RATINGS OF MALAYAN INSURANCE CO., INC.
December 2008

A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Malayan Insurance Co., Inc. . The outlook for both ratings is stable.

The ratings reflect MICO’s solid market profile, balanced investment portfolio and adequate capitalization level to support its asset and underwriting risk exposures.

MICO has been the market leader in the domestic non-life insurance industry for the past 38 years, capturing approximately 19% in terms of gross premiums written (GPW) of the market share in 2007. Through its extensive distribution channels and the recent merger with Tokio Marine Malayan Insurance Co., Inc. in July 2008, MICO is expected to further solidify its leadership position in the local market going forward. In addition, the company has strengthened its direct sales business by increasing the proportion of its retail business. A.M. Best anticipates MICO to continue worth this strategy for the next five years.

MICO’s risk-based capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains at a level commensurate with its ratings as a result of its moderate surplus growth and continued conservative net premium leverage (0.58 times in 2007). The company’s exposure to catastrophic losses is manageable under its existing catastrophe reinsurance coverage. A. M. best believes the company’s risk-based capitalization will remain sound due to its stable growth in surplus and anticipated business growth in 2008 and 2009.

Malayan Insurance is the flagship company of the Malayan Group of Insurance Companies, composed of Malayan Insurance Co., Inc., Bankers Assurance Corporation, and the First Nationwide Assurance Corporation (FNAC). Malayan Insurance is a member of the Yuchengco Group of Companies. It is celebrating its 80th year in 2010.

The Malayan Group of Insurance Companies announces the merger between Malayan Insurance Co., Inc., the largest non-life insurance company in the country, and the Tokio Marine Malayan Insurance Co., Inc. (TMMIC), one of the country's top ten non-life insurers. The Securities and Exchange Commission (SEC) recently approved the merger, with Malayan Insurance Co., Inc. as the surviving entity.

An Article of Merger disclosed by both parties stated that, "the combined resources, capabilities, operations and expertise of Malayan Insurance and TMMIC will further enhance Malayan Insurance's leadership in the Philippine non-life insurance industry and its capacity to provide insurance protection and excellent service to its clients."

All policyholders of TMMIC will henceforth be serviced by Malayan Insurance and/or its Tokio Marine Division, which holds offices at the 5th, 6th and 7th floors of Y. Tower II, L.P. Leviste cor. Gallardo St., Salcedo Village, Makati City.

Malayan Insurance enjoys a 19.5 percent market share of gross premiums written and total assets valued at Php16.55 billion. It has been consistently ranked by the Insurance Commission as the country's number one non-life insurance company and is one of Manila's largest taxpayers. Malayan Insurance is the only non-life insurance company in the Philippines rated by Standard & Poors (BB positive) and AM Best (B++).

Malayan Insurance is a provider of property, casualty, motorcar, accident insurance, marine cargo and hull insurance, aviation insurance, surety and bonds. It is a member of the Yuchengco Group of Companies (YGC).

AUTOLINK.PH, SABICLUB.COM TIE-UP TO OFFER INSURANCE PRODUCTS FOR KOREANS IN RP
February 2008

Korean information technology-based company Sabiclub.com Corporation and local company Malayan Insurance have joined forces to create the Autolink Automobile Insurance, a car insurance product offered to Philippine car dealers of Autolink.ph and Korean clients of Sabiclub.com.

“The partnership allows Malayan Insurance to penetrate the robust Korean market with Sabiclub’s expertise on the Korean community,” reported Lea Casamayor, managing director, Sabiclub Corp.

“At the same time, it demonstrates Sabiclub’s position as the company that understands the needs of Koreans in the Philippines.

Autolink Automobile Insurance carries Malayan Insurance’s trademark feature CAMILLE (call Malayan Insurance Live LinE), a 24x7 roadside assistance, a first of its kind to be offered in the Philippines.

Launched in September 2002, Autolink.ph is the country’s biggest online portal for second hand cars. It is the car buyer, seller and owners’ gateway to information, tips and the best deals on second hand cars anywhere in Metropolitan Manila, said Casamayor, adding “It has become convenient for buyers and dealers.”

She reported “Through exclusive partnerships with second-hand car dealers, the website now houses more than 24,500 stocks from 38 dealers all over Manila and counting.”

The inclusion of Autolink Automobile Insurance signals a major step by Sabiclub.com to develop Autolink.ph into a Philippine wide directory of second hand car dealers and showrooms.

When the web portal started, it averaged between 500 and 1,000 visitors a day. Today, it has multiplied to 5,000 daily visitors.

In another development, Autolink.ph recently entered into an agreement with Petron Car Care Center, the latest venture of Petron Corporation to set a new standard in motor vehicle care.

The partnership allows members of Autolink.ph to avail of free car trouble consultation by joining the “Ask Moises” forum section of the website. They are also entitled to discounts on Petron Car Care Center services.

Aside from Autolink.ph, Sabiclub.com Corporation is the owner of Station 168 and iHooked Internet café franchises, which currently totals 10 branches nationwide.

Offering Web-related and a consultancy services, Sabiclub was established in October 2000 with idea of promoting the interactive lifestyle of today and the coming generations. Most of the company’s resources and technology come from Korea, a powerhouse in the IT field today.

MALAYAN INSURANCE CO. INC. OUTLOOK REVISED TO POSITIVE; RATINGS AFFIRMED
January 2008

HONG KONG—Standard & Poor's Ratings Services said today it revised the outlook on its 'BB' long-term local currency counterparty credit and insurer financial strength ratings on Malayan Insurance Co. Inc (Malayan) to positive from stable. At the same time, the ratings were affirmed.

"The outlook revision reflects expectations that the company's underwriting performance is on track to improve, supported by further targeting retail business and leveraging its leading market position," said Standard & Poor's credit analyst Paul Clarkson. "The positive outlook is also supported by the company's sound capitalization corresponding to its risk profile. The ratings on Malayan reflect the company's strong market position as the largest player in the domestic non-life insurance industry and its good capitalization. These factors are partly offset by its more volatile, but improved, operating performance compared with its domestic peers', its aggressive investment portfolio, and the challenging environment in which the company operates."

Malayan is the largest non-life insurance company in the Philippines. It has strong parentage, a long track record of operations, deep corporate relationships, and a wide branch network that has helped it maintain a leading 19.5% market share of gross premiums. Malayan is soundly capitalized in relation to its business risk. The company's solvency ratio (shareholders' funds to net premiums written) increased to 245.2% in 2006, from 217.3% in 2005, mainly through equity revaluation.

Malayan Insurance is the flagship company of the Malayan Group of Insurance Companies, composed of Malayan Insurance Co., Inc., Tokio Marine Malayan Insurance Co., Bankers Assurance Corp., and The First Natiowide Assurance Company (FNAC). Malayan is a member of the Yuchengco Group of Companies. It is celebrating its 78th year anniversary this year.

About Standard & Poor’s
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 21 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

A.M. BEST AFFIRMS RATINGS OF MALAYAN INSURANCE COMPANY, INC.
January 2008

Oldwick, New Jersey, U.S.A., November 13, 2007 — A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Malayan Insurance Company, Inc. (MICO) (Philippines). The outlook for both rating is stable.

The ratings reflect Malayan’s strengthened risk-adjusted capitalization, strong market presence with diversified distribution network and stable investment income. Malayan Insurance is well capitalized as reflected in its moderate underwriting leverage and strong risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR). The company reduced its net premium leverage ratio to 0.57 times (0.61 times in 2005), while maintaining a stable growth in surplus level in 2006.

Malayan Insurance has established itself as the market leader in the Philippines’ non-life market. The company maintained its leadership position, capturing 18% of the local market in 2006. Through its nationwide branch network, agency and broker channels, MICO continued to experience a growth of 12.5% in total GPW for 2006. A.M. Best believes its diversified distribution network has given it a competitive advantage over its peers.

A.M. Best believes that stable underwriting income and continued strong risk-adjusted capitalization are essential to the business growth of Malayan, going forward. Malayan Insurance is a flagship company of the Yuchengco Group, which has interests in the banking, finance, investments, construction and real estate, life insurance, education and the automobile industry.

The Philippine non-life insurance industry is somewhat facing a weak regulatory environment with low levels of capitalization requirements, compliance with certain tariff agreements and political instability. In addition, as with other non-life insurers in the country, MICO is exposed to catastrophic perils like typhoons, floods and volcanic eruption.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

SCHENGEN STATES ACCEPT MALAYAN’S TRAVEL MASTER
July 2007

Having the right kind of travel insurance is one of the essential considerations for travelers, especially if they are booking a flight to Europe.

The Schengen area, a coalition of 15 European countries, imposes a requirement on travel and medical insurance policies before one can gain a visa to any of its states.

“Having a medical travel insurance policy with extensive coverage is among the conditions for traveling in these territories, so that in the event of an accident or sickness, the traveler won’t be a burden of the state. Not just any travel insurance will do in the Schengen area,” explained Martin D. Yuchioco of Integrated Marketing Communications Department of Malayan Insurance. The 15 Schengen countries are: Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Greece, Luxembourg, Netherlands, Norway, Portugal, Spain and Sweden.

Malayan’s comprehensive travel insurance policy, Travel Master, is among those accepted in the Schengen area. The minimum coverage imposed for a policy to gain acceptance is P2 million or US$50,000.

Mr. Yuchioco stressed that Travel Master’s wide-ranging coverage has met the requirements of the Schengen area since Malayan first offered the product two years ago.

Travel Master policyholders are also doubly assured by the strength and integrity of Malayan Insurance, whose number 1 position in the non-life insurance industry is verified by the Insurance Commission for 37 consecutive years. Malayan Insurance was one of the 1st insurers to recently receive the Certificate of Authority in compliance with Commission’s requirements.

Travel Master gives emergency medical treatment of up to P2.5 million, anywhere in the world, and gives hospital confinement allowance. In case the policyholder accidentally injures another person or damages a property, there’s also Personal Liability coverage of up to P1 million.

It also provides for the family’s income continuation in case of accidental death, dismemberment or disablement while traveling, with added accidental burial benefit as needed. Malayan’s partnership with Assist America, a worldwide travel emergency assistance provider, also lets it deploy various unlimited local and international emergency medical services.

It also covers Loss of Travel Documents, Loss of Baggage, Baggage Delay and Flight Delay, as well as other assistance benefits. It even has an Emergency Trip Termination feature the non-refundable portion of travel and accommodation expenses paid in advance in case of sudden, unavoidable need to cancel the trip.

MALAYAN INSURANCE MAINTAINS NO. 1 SPOT IN INDUSTRY
July 2007

Malayan Insurance once again emerged as the no. 1 non-life insurance company in the country based on gross premiums written, and premiums earned. This will be the 37th year in which the Yuchengco-owned insurer shall occupy the top rank.

Malayan Insurance emerged on top with gross premiums written (GPW) worth over P5.02 billion as of year end 2006, a 12.5% increase from P4.5 billion GPW in 2005. The company bested other non-life insurance companies when it generated P2.4 billion in premiums earned, a 16% increase from its 2005 figure. The ranking is based on the financial statements of 93 non-life insurance companies submitted to the Insurance Commission earlier this year.

A.M. Best Co., the world’s oldest and most authoritative global insurance rating company, recently reaffirmed Malayan’s favorable rating of B++, recognizing the company’s leading market position, excellent capitalization, and stable income. Malayan Insurance was also appointed as a cooperative partner of Zurich Financial Services of Switzerland, allowing Malayan to serve the non-life insurance requirements of the local corporate clients of the global insurance group. Likewise, international accounts of Zurich Financial Services may be able to gain access to Malayan’s extensive facilities and infrastructure.

Malayan Insurance is the flagship company of the Malayan Group of Insurance Companies, which is composed of Malayan Insurance Co., Inc., the First Nationwide Assurance Corporation, the Tokio Marine Malayan Insurance Company, and the Bankers Assurance Corporation. Malayan has a network of 33 branches and service offices nationwide and paid up capital of P750 million pesos. Malayan Insurance is a member of the Yuchengco Group of Companies (YGC).

MALAYAN STRESSES NEED FOR DIRECTORS & OFFICERS LIABILITY INSURANCE
June 2007

Officers and directors in the country’s biggest corporations and publicly listed companies are at risk of litigation arising from decisions and actions they have made in the performance of their duties. Legal suits may be brought against them from company shareholders, their customers, business partners, or affected third parties, and even company employees, past and present. Former Insurance Commissioner and Malayan Insurance Chairman Adelita Vergel de Dios revealed this during a seminar on directors and officers liability insurance, held recently.

“Developments in the global corporate environment are now emphasizing the numerous risks faced by the members of a company’s Board of Directors and its officers,” said Atty. Vergel de Dios. “Having a comprehensive D&O insurance policy will allow directors and officers to make decisions and take certain management risks inherent in their duties and functions on behalf of the corporations they represent, without fear of incurring personal financial losses in case a lawsuit is filed against them.”

Malayan Insurance recently launched a new product that provides Directors and Officers Liability Insurance to cover past, present and future directors and officers of the availing company, as well as past and present employees in supervisory or managerial positions. Called FORESIGHT D&O Liability Insurance, the new product pays for the claims made against the insured arising out of any allegation of wrongful acts brought against the company’s directors or officers.

Malayan Insurance has partnered with London-based Cooper Gay Co., Limited, one of the largest privately owned insurance and reinsurance broking groups, to reinforce its capability to offer Foresight to the Philippine business sector.

Noting the increase in corporate initial public offerings (IPOs) and secondary stock offerings due to the improving investment climate in the Philippines, Mr. Martin Giggins of Cooper Gay emphasized the need for D&O Liability Insurance: "Due to the prominence and sensitivity of their positions, a company's officers and directors are personally accountable for their actions in relation to their functions in the firms they are connected with. A sharp decline in stock price, a misstatement issued to customers, default of debt to creditors, a contractual dispute with a business partner, or complying with a regulators investigation are just some of the grounds for legal actions that may take a toll on a directors or officers personal finances as well as their reputations," said Mr. Giggins.

The Insurance Commission has recently ranked Malayan Insurance as the number one non-life insurance company in the country in terms of gross premiums written and premiums earned. This was based on year 2006 financial statements submitted by 93 non-life insurers operating in the Philippines. For more information on FORESIGHT D&O Liability Insurance, contact Malayan through tel. no. 242-8888 local 357

CEBU PACIFIC LAUNCHES TRAVEL INSURANCE PRODUCT, TRAVELSURE
April 2007

Cebu Pacific (CEB), the Philippines’ low fare leader and leading domestic carrier has tied up with Malayan Insurance in offering TravelSure, a comprehensive personal accident and emergency medical treatment insurance coverage for guests traveling anywhere in the Philippines or in Asia, beginning April 25, 2007.

“We are launching this new product because we want to provide our guests with more services that address their travel-related needs. What’s new about this product is that guests, who wish to purchase travel insurance, may do so, online right after booking for their flight.” Candice Iyog, VP for Marketing and Product announced.

“For this product, we are partnering with Malayan Insurance, one of the oldest and most reliable insurance companies in the country today. Once again, CEB is offering another industry first with TravelSure and we hope that our guests will take advantage of this product offering.” Iyog emphasized.

Iyog added that TravelSure provides CEB passengers with protection from accidents and medical services, recovery of lost travel documents and other travel related concerns. A complete list of product benefits and features are available online at cebupacificair.com.
CEB passengers aged 1 to 65 years old may avail of the TravelSure product. Its premium is offered at P175 per insured guest, for 30-days coverage. The premium is exclusive of applicable government taxes and surcharges.

“We are happy to say that we are the only Philippine carrier extending this service to its guests. This is further proof of our commitment to provide innovative products and services.” Iyog added.

More information on TravelSure is available online at cebupacificair.com or through the TravelSure hotline at (+632) 867-1578.

Now in its 12th year, CEB has the youngest fleet in the Philippines at just one year. CEB operates 14 brand new Airbus aircraft to its 20 domestic and soon to be 8 regional destinations with the addition of Taipei beginning June 13, 2007.

SAFETY SHOULD TOP SUMMER TRAVEL PLANNING
April 2007

A Filipino family vacationing abroad was involved in a freeway accident during a heavy snowstorm in southern Europe, completely wrecking the car they borrowed from their friend. The couple and their two kids were pulled out and eventually recovered in a hospital.

The family then spent more agonized days trying to settle their medical bills and their liability for the wreckage of the borrowed car, accomplishing a police report and notifying the embassy of the loss of their passports and other belongings that were somehow lost in the chaos of the disaster.

For travelers, this is just one of the many risk scenarios that instantly turn a dream trip into a nightmare. On top of the physical harm is the financial misfortune that soon follows. That’s why prudent travelers should first secure their welfare before they even start planning their itinerary, if they wish to enjoy peace of mind while on the road, on the sea, or in the air.

Travel Master by Malayan Insurance is the surest way to get this peace of mind and financial protection against any misfortune while traveling. Travel Master provides the insured traveler with a Travel Inconvenience Benefit that covers Loss of Travel Documents, Loss of Baggage, Baggage Delay and Flight Delay, as well as other assistance benefits.

In case of an accident or sickness while traveling, Travel Master gives emergency medical treatment of up to P2 million, anywhere in the world, and gives hospital confinement allowance of P1,000 per day. In case the policyholder accidentally injures another person or damages a property, there’s also Personal Liability coverage of up to P1 million.

Travel Master also provides for the family’s income continuation in case of accidental death, dismemberment or disablement while traveling, with added accidental burial benefit as needed. Plus, Malayan Insurance can also deploy various unlimited local and international emergency and medical services, such as emergency repatriation and evacuation, care for unattended minors, hospital admission guarantee, and even legal and language interpreter referrals through Assist America, a worldwide travel emergency assistance provider.

In case there’s a sudden and unavoidable need to cancel the trip, Travel Master even has an Emergency Trip Termination feature that gives back the unused portion of travel and accommodation expenses paid in advance.

In the end, all these benefits are simply designed to give you the peace of mind to enjoy your summer sortie to the fullest. More details about Malayan Insurance’s Travel Master can be obtained by calling tel. no. 242-8888 loc. 263 or 391

MALAYAN COMPLETES DONATION TO COUPLES FOR CHRIST
February 2007

Malayan Insurance Co., Inc. President Yvonne S. Yuchengco (left) presents the firm’s final check donation to (from left) Bernie Cuevas, Tekton Foundation president and general manager; Domy Gregorio, Couples for Christ Coops Federation Chairman; and Lina David, head of Values Formation Program, which is under Tekton Foundation’s Gawad Kabuhayan project. The grant was extended under Malayan’s corporate social responsibility initiative “Kabalikat Malayan, Pondo Kabuhayan”. Through this, Malayan Insurance has been donating a portion of insurance premiums paid by its clients who renewed their comprehensive motorcar insurance or retail fire insurance policies. Tekton Foundation is the social services arm of Couples for Christ.

TWO MALAYAN GROUP COMPANIES BECOME PARTNERS OF ZURICH FINANCIAL SERVICES
February 2007

The Malayan Group of Insurance Companies announces the appointment of two of its companies, Malayan Insurance Co. Inc. and the Bankers Assurance Corp. (formerly Malayan Zurich Insurance Co.), as cooperative partners of Zurich Financial Services of Switzerland.

As a cooperative partner of the global insurance group, Malayan Insurance may now be able to service the non-life insurance requirements of Zurich Financial Services corporate clients in the Philippines. Zurich Financial Services international accounts, meanwhile, may be able to gain access to the facilities and infrastructure of the Philippines largest non-life insurance group.

“With this cooperative partnership, the Malayan Group may further solidify its market leadership and gain prestige from servicing multinational companies. Likewise, corporate clients of Zurich Financial Services can expect the same service excellence and expertise that we provide to our existing clients,” said William Y. Cua, chief operating officer of Malayan Insurance and president of the Bankers Assurance Corp.

The Malayan Group of Insurance Companies is the biggest non-life insurance group in the Philippines. In 2005, the Group’s companies and subsidiaries generated a combines P5.633 billion in gross premiums written and total revenues of P3.035 billion. It is composed of the Malayan Insurance Co., Inc., Tokio Marine Insurance Co., Inc., the First Nationwide Assurance Corp. and the Bankers Assurance Corp. The Malayan Group is a member of the Yuchengco Group of Companies.

Zurich Financial Services Group is an insurance-based financial services provider with core business in General and Life Insurances. Founded in 1872, the Group is headquartered in Zurich, Switzerland and has a global network of subsidiaries and offices in more than 120 countries across North America, Europe, Asia Pacific, Latin America and other markets. The Group wrote $46.8 billion in gross written premiums and announced a net income of $3,214 million and a business operating profit of USD 3.9 billion on 2005.

MALAYAN EXTENDS SERVICE HOURS FOR TYPHOON INSURANCE CLAIMS
October 2006

Malayan Insurance has extended its operating hours in response to the overwhelming number of insurance claims arising from the devastation of typhoon Milenyo. The extended hours will enable Malayan to more efficiently accommodate its numerous claimants, as well as attend to the increase in insurance requirements by various clients and agents.

Vital service divisions such as the Claims Department shall render service from 8 am up to 7 pm during weekdays and from 8 am to 12 noon during Saturdays. The extra working hours demonstrate the company’s commitment to the prompt processing and settlement of just and valid claims.

Malayan also said that the devastation resulting from Typhoon Milenyo underscore the importance of getting comprehensive and reliable insurance protection. Two of the company’s property insurance products, Home Protect and Business Protect, come with a guarantee of total protection from typhoon and flood as well as a variety of natural and man-made causes.

In addition, both products provide personal accident and hospitalization insurance in case of unfortunate physical circumstances arising from any of the covered situations. More information can be obtained by calling Malayan Insurance at tel. no. 242-8888

MALAYAN LEADS INDUSTRY WITH P4.5 BILLION GROSS PREMIUMS IN 2005

.Malayan Insurance Company Inc. (MICO) reaffirms its leadership in the non-life insurance industry when it registered gross premiums amounting to P4.5 billion in 2005.

Based on Financial Statements submitted to the Insurance Commission, Malayan’s gross figures landed the Yuchengco-owned company in the industry’s number one spot, and showed an increase of 3.5% or P152 million from Malayan’s 2004 record of P4.3 billion. It has likewise continued to remain on top in terms of Premiums Earned which was registered at P2.03 billion, a 24.8% or P403 million increase over its 2004 performance.

This marks the 36th consecutive year that Malayan Insurance has surpassed some 100 non-life insurance companies in terms of gross premiums, since 1970. Malayan Insurance is the country’s leading provider of fire, motorcar, marine, casualty, and personal accident insurance, as well as surety and bonds.

Last year also marked another milestone as the company celebrated its 75th anniversary. As a gesture of gratitude, MICO initiated several corporate social responsibility activities involving, among others, the Gawad Kalinga community housing project in Tatalon, Quezon City, the Tekton Foundation of Couples for Christ for its Kabalikat Malayan, Pondong Kabuhayan program, the AFP for its “Alay sa Bayan” livelihood training seminars, and the completion of the Paz Learning Center for the beneficiary-children of its Street Education Project (SEP).

This strong socio-civic mindedness, coupled with its commitment for prompt settlement of just and valid claims, gained Malayan Insurance the recognition of the Philippine insuring public and the global insurance indusstry. A.M. Best Co. has assigned a financial strength rating of B++ that reflects the company’s excellent capitalization, leading market position and stable income supported by strong investment performance. A.M.Best, established in 1899, is the world’s oldest and most authoritative insurance rating and information source.

Another international ratings agency, Standard & Poors, affirmed their rating of BBpi for Malayan Insurance. S&P stated that Malayan’s rating remains supported by leading market franchise, satisfactory solvency and adequate level of reserving.

Malayan Insurance is the core company of the Malayan Group of Insurance Companies, a member of the Yuchengco Group.

INSURING A BUSINESS IS A MUST FOR OWNERS

.MOne mistake business owners make is to think of business insurance as an unnecessary expense, rather than a business essential. It doesn’t take much to lose an entire business to fire, theft, personal accidents, a dishonest employee, or other unforeseen events, whether caused by nature or man.

With all the time, money and effort to set up a business, the little extra invested to protect it could turn out to be the wisest move an owner can make. Used correctly, insurance can also add to the success of a business by reducing the uncertainties under which it operates.

Different types of business insurance are available depending on the owners’ needs. Malayan Insurance, the country’s no.1 non-life insurance company, offers a plan called Business Protect that can be customized to help business owners get the right insurance coverage for their type of business. Under this program, various commercial establishments such as offices, restaurants, gasoline stations, retail shops, salons, and even small kiosks can be covered extensively at affordable premiums. With Malayan’s solid reputation of fast, fair and just claims payment, business could go on as usual with Malayan’s Business Protect.

Business Protect’s Property Insurance protects the business from fire & lightning, earthquake, bursting or overflowing of water tanks, pipes and fittings, riot, strikes & malicious damage, and other natural and man-made disasters. The policy also has provisions for covering electronic equipment within the insured business premises.

Comprehensive General Liability covers legal worries arising from third party claims for accidental injury and/or property damage within the insured business’ premises. Personal Accident, meanwhile, provides monetary benefit for the insured and his employees in the event of accidental death or dismemberment. Burglary and Housebreaking covers your properties against theft following a violent and forcible entry of a felon within your premises.

Money, Securities & Payroll covers financial loss due to burglary or robbery. There’s also a Fidelity Guarantee to protect the insured against fraudulent acts of employees, while Business Interruption, an optional cover, indemnifies the owner for losses and expenses incurred following material damage to insured property such as Losses in Net Profit, Increase Cost of Doing Business, Other Continuing Expenses, or Rental Value Insurance.

More information about Malayan’s Business Protect can be obtained from the company’s marketing department at tel. no 245-7491 or 242-8888 loc. 415, or email
malayan@malayan.com.

INSURANCE PROTECTION FOR GOLFERS A NECESSITY

Golf may seem one of the most benign of sports, but game aficionados know there are plenty of challenges and risks involved as players pit themselves against the elements just to get that ball into the hole.

One major miscue or one poor shot, for instance, can do damage and even be lethal to anyone in its path. Then a relaxing weekend in the greens can suddenly turn into a nightmare of liabilities and lawsuits.

Another upsetting possibility is the damage to or loss of one’s costly golf clubs and irons. These are easily the targets of thieves – whether they’re in the car, at home, or even in the driving range.

For these reasons, serious golfers need to get their equipment as well as themselves insured against these unexpected possibilities. Offering protection way beyond par is Malayan’s Golfer’s Insurance, a policy that’s specifically tailored to give serious golfers total protection from public liability from incidents and from loss and damage to golf equipment.

With this policy, golf clothing, clubs and equipment are protected against fire, lightning, robbery, housebreaking, theft, or accidental means while in any recognized golf course anywhere in the world.

Third party legal liability, meanwhile, gives players worldwide protection from claims arising from accidents made in the course of practicing or playing golf in any recognized golf course. A Personal Accident protection, meanwhile, gives financial benefit and medical expenses for accidental death, dismemberment or disablement.

In addition, Malayan also covers reasonable medical and incidental expenses to a caddie who may sustain accidents caused by the policyholder in the course of the game. Finally, as a grand bonus benefit, policyholders who achieve a hole-in-one are given a Cash Prize to help celebrate a rare moment treasured by any golfer.

All these benefits to give players a worry-free game are available at very affordable annual premiums. For more details, contact Malayan Insurance at tel. no. 242-8888.

MALAYAN INSURANCE DONATES TO COUPLES FOR CHRIST - GK

In support of the Gawad Kabuhayan sustainable livelihood development activity of the Couples for Christ, Malayan Insurance recently turned over the first tranche from a grant program called “Kabalikat Malayan, Pondo Kabuhayan” (KMPK). This program automatically sets aside a portion of insurance premiums paid by individuals who renew their comprehensive motorcar insurance or retail fire insurance policies with Malayan. The KMPK program seeks to assist Gawad Kabuhayan’s efforts to provide startup capital for micro-finance, micro-enterprise and other home-based ventures meant to teach self-sufficiency to the family-beneficiaries of the Gawad Kalinga housing program for the poor. Shown in photo is Yvonne S. Yuchengco (leftmost), President of Malayan Insurance, handing the check donation to executives of Tekton Guild, the social ministry of the Couples for Christ. These are (from right): President and General Manager Bernie Cuevas, Chairman of the Board Nonong Contreras, and Managing Director Bing Hizon. Party hidden is William Y. Cua, Executive Vice President of Malayan Insurance. The turn-over was held at the GK Community at Arkong Bato, Pasig City.

A.M. BEST AFFIRMS RATING OF MALAYAN INSURANCE COMPANY, INC.
January 2006

OLDWICK, N.J., JANUARY 05, 2006
A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Very Good) and assigned an issuer credit rating (ICR) of “bbb” to Malayan Insurance Company, Inc. (MICO) (Philippines). The outlook on both ratings is stable.

The ratings reflect MICO’s consistent market leadership, strong risk-adjusted capitalization and stable stream of investment income. The ratings continue to recognize the company’s extensive reinsurance arrangements.

MICO has established a solid position within the Philippines’ non-life insurance market as a result of its 75 years of operating history. The company has maintained its market leadership in terms of gross premiums written for the last 35 years. Gross premiums grew by 20% to PHP 3.9 billion (USD 70 million) in 2004 from PHP 3.3 billion (USD59 million) in 2003. MICO is the flagship insurance company of Yuchengco Group of Companies (YGC), which is a financial conglomerate in the Philippines.

Aside from maintaining its no.1 position for gross premiums written, Malayan also emerged as the leading company in terms of premiums earned and paid up capital. It bested other non-life insurance companies when it generated PHP 1.63 billion (USD 29.20 million) in premiums earned in 2004, a 52% increase over 2003’s figure of PHP 1.07 billion (USD 19.16 million).

Best’s Capital Adequacy Ratio (BCAR), which measures capitalization on a risk-adjusted basis, demonstrates that MICO was strongly capitalized in 2004. Its net premium leverage ratio was maintained at a conservative level of 0.45 times. The reinsurance program is also supporting the company’s capitalization, which is placed with diversified, high quality reinsurers.

A.M. Best Co., established in 1899, is the world’s oldest and most authoritative insurance rating and information source.

MALAYAN INSURANCE AND SWISS RE SUPPORT GAWAD KALINGA
October 2005

Malayan Insurance, the country’s leading non-life insurance provider, and Swiss Reinsurance Corporation, one of the world’s largest reinsurer, recently commemorated their 50th year of business partnership by sponsoring the construction of two houses for the Gawad Kalinga housing project in Tatalon, Quezon City. Shown in photo during the signing agreement of support are (from left) Yvonne S. Yuchengco, president of Malayan Insurance Company; Pierre Ozendo, chief executive for the Asian Division of Swiss Re; and Mr. Benjamin Gamez of Gawad Kalinga Tatalon, QC. Looking on are the families of Primitivo Sangreo and Jimmy L. Jadulco - beneficiaries of the houses sponsored by the two companies.

MALAYAN INSURANCE AND SWISS RE CONDUCT MEDICAL, DENTAL MISSION
October 2005

Malayan Insurance, the country’s leading non-life insurance provider, and Swiss Re, one of the world’s largest reinsurer, recently commemorated their 50th year of business partnership by holding a medical and dental mission to the residents of the Gawad Kalinga housing project in Tatalon, Quezon City. Held in cooperation with the AY Foundation, the corporate social responsibility division of the Yuchengco Group of Companies, the day-long activity enabled residents to receive free medical consultations and dental treatment from volunteer health care providers as well as various free medicines. Shown at the center of the photo is Yvonne Yuchengco, president of Malayan Insurance, with, to her left, Pierre Ozendo, chief executive for the Asian Division of Swiss Re, along with executives and employees of the two companies and personnel from Gawad Kalinga.

LIZARES, TALISAY BENEFICIARIES REAP FINANCIAL BENEFITS
September 2005

Several beneficiaries of the social development programs of Mayor Anthony V. Lizares and the city of Talisay have received financial benefits from the Malayan Insurance Personal Accident Christmas Cards as well as from the Emergency-Accident Insurance Program (E-ASAP). This is under the aegis of the Talisay-On-Nation (TON) Building Program.

Among the latest death claims under the TON program covered by Malayan Personal Accident Christmas Cards according to its claims adjuster Ms. Michelle Andrico are:

Ms. Melinda Albina of Mayor Lizaress office said that since the project was implemented in 2003 under the E-ASAP was launched, some 214 beneficiaries have already received financial assistance ranging from P2,000 to P5,000 for bodily injuries caused by accidents.

This activity is open to all Talisaynons ranging from ages 18 years old and above. Only accident-related cases which happened in the province of Negros Occidental are covered by this program.

For the month of August 2005 alone, fourteen beneficiaries have already availed of financial benefits.

One of the pre-requisites is that the victim from Talisay should have been admitted in any government or private hospital, and can only avail of this help once a year, regardless of the category of the injury.

The project is being coordinated by the E-ASAP Committee composed of the City Mayor, Vice Mayor, DSWD, Treasurer, Accounting, Budget, PNP and other city officials.

Mayor Lizares said, “We, the city officials of Talisay, are always deeply concerned about the welfare of our citizenry. We will spare no effort and go to all ends to service their need."

MALAYAN INSURANCE SETTLES P54 MILLION FIRE CLAIM
August 2005

Malayan Insurance Co., Inc., the no.1 non-life insurance company in the Philippines, recently settled the fire insurance claim of Rustan’s Commercial Corp. worth P54 million. The claim check represents Malayan’s full claims settlement for a fire, which broke out in Rustan’s warehouse in Taguig recently. Shown in photo are: (Seated: L-R) Mr. Antonio M. Rubin, senior vice president of Malayan Insurance; Ms. Flocerfida F. Vergara, vice president of Rustan’s Commercial Corp.; and Ms. Teresita E. Lazo, general manager of Rustan’s Commercial Corp.; (Standing: L-R) Atty. Emmanuel Villanueva, senior assistant vice president of Malayan Insurance and Mr. Daniel Guinto, insurance manager of Rustan’s Commercial Corp.

INSURANCE CITED AS MOST OUTSTANDING NON-LIFE INSURANCE COMPANY
July 2005

Malayan Insurance Co., Inc. was recently awarded as the Most Outstanding Non-life Insurance Company at the National Level by the Philippine Marketing Excellence Awards. The award was given in recognition of its outstanding marketing performance leading towards market dominance, goodwill, high-level customer confidence, and market acceptability. Shown in photo is Mr. Carlo B. Diaz (2nd from right), senior marketing manager for Malayan, receiving the award.

MALAYAN INSURANCE SETTLES CLAIM ON CELLPHONE INSURANCE
June 2005

Malayan Insurance Co., Inc., the number one non-life insurance company in the Philippines, recently settled the first claim on its Cell Protect insurance product. Cell Protect, a product exclusively being offered to Globe post-paid subscribers, is a cellphone insurance which covers loss and damage to cellphone units, including theft. Shown in photo are: (L-R) Mr. Leo Marvin de Lima, receiving his claim settlement worth P18,800 for his lost Nokia 7610 from Atty. Emmanuel G. Villanueva, Claims Department head of Malayan Insurance.

MALAYAN INSURANCE INKS AGREEMENT WITH RBAP
May 2005

Malayan Insurance Co., Inc., the no.1 non-life insurance company in the Philippines, signed a Memorandum of Agreement with the Rural Bankers Association of the Philippines (RBAP) recently at the RCBC Plaza in Makati. The agreement allows Malayan Insurance to offer its Micro Loan Insurance product, called Todo Asenso, to all Rural Bank clients in the Philippines. Todo Asenso was developed to cater to Micro Finance borrowers and offers protection for Personal Accident, Hospitalization and Medical Reimbursement. Shown in photo during the signing are: (Standing L-R) Atty. Jose Martin Morente, Malayan Insurance senior assistant vice president; Mr. Rodel Nob, Malayan Insurance senior assistant vice president; Atty. Adelita Vergel de Dios, Malayan Insurance chairman; Mr. Enofre Manuel, Malayan Insurance vice president; Mr. Don Glorioso, Rural Bank of Pagbilao; Mr. Carlo Diaz, Malayan Insurance senior manager; Ms. Arlene Calimag, Malayan Insurance senior manager; (Seated L-R) Gen. William Hotchkiss, incoming RBAP president; Mr. Senen Glorioso, RBAP president; Ms. Yvonne Yuchengco, Malayan Insurance president; and Mr. Antonio Rubin, Malayan Insurance second vice president.

MALAYAN INSURANCE CLAIMS SETTLEMENT
May 2005

Malayan Insurance Co., Inc., the no.1 non-life insurance company in the Philippines, recently handed over a check amounting to P20 million to Lacson & Lacson Insurance Brokers, Inc. The claim check represents an advance partial claims settlement for Solid Laguna Corporation. A fire broke out in the Solid Laguna recently. Shown in photo are: (L-R) Mr. Clark Badidles, property claims manager of Malayan Insurance; Atty. Emmanuel Villanueva, senior assistant vice president of Malayan Insurance; Mr. Salvador Lacson, managing director of Lacson & Lacson; Mr. Noemi Molina, executive vice president of Lacson & Lacson; Mr. Winifredo Aningat, strategic business unit head of Malayan Insurance; and Mr. Irwin Dizon, assistant manager of Lacson & Lacson.

A.M. BEST ASSIGNS RATING TO MALAYAN INSURANCE COMPANY, INC.
April 2005

OLDWICK, NEW JERSEY, U.S.A., Apr. 7, 2005 - A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) to Malayan Insurance Company, Inc. (MICO) (Philippines). The outlook is stable.

The rating reflects MICO's excellent capitalization, leading market position and stable income supported by strong investment performance. The rating also recognizes the extensive reinsurance program with financially strong reinsurers.

MICO's capital position as of fiscal year 2003 is PHP 3.6 billion (USD 65 million), which is 43% of the total assets, and the net leverage ratio of the company is 0.36 times. Risk-based capitalization, as measured by Best's Capital Adequacy Ratio, has been above 160% for the last five years. Also supporting capitalization is the extensive reinsurance protection of the company. As of fiscal year 2003, MICO reinsures 88% of its fire business through the usage of international brokers.

MICO was founded in 1930, and for the last 33 years, it ranked number one in terms of written premium in the Philippines non-life market. The company has a premium market share of 12% in the Philippines non-life industry, which includes over 100 non-life companies. MICO is the flagship company of Yuchengco Group of Companies (YGC), which is financial conglomerate in the Philippines. MICO has joint venture subsidiaries with internationally renowned companies such as Tokio Marine Nichido Insurance Company and Zurich Insurance Company.

The Philippines non-life industry measured in terms of USD showed no growth during the last ten years. Furthermore, the non-life insurance premium per capita in USD decreased during this period. The market as a whole is becoming more competitive with the same number of players striving to maintain their market shares.

Within the marketplace, non-life insurance companies that are closely tied to bank or life insurance companies are emerging with various alternative distribution channels. These developments would directly challenge MICO to maintain its leading market position in the future. However, it could be viewed as an opportunity for the company to further develop stronger business relationships with its sister companies that are involved in the banking and life insurance business.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit http://www.ambest.com/ratings.

A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com.

MALAYAN INSURANCE SPONSORS FORUM ON TSUNAMI
March 2005

Malayan Insurance Co., Inc., the no.1 non-life insurance company in the Philippines, sponsored a forum entitled, “Tsunami: It’s Causes and Impacts” recently at the Insurance Commission office. The Forum was attended by participants from the Insurance Commission and Triple I Society (Independent Insurance Intermediaries Society). Shown in the photo is Mr. Antonio M. Rubin, Head Underwriter of Malayan Insurance, receiving the plaque of recognition given by Triple I Society. Malayan Insurance is celebrating its 75th anniversary this year.

FIRST QUADRANT APPOINTS MALAYAN INSURANCE AS OFFICIAL INSURER
February 2005

Malayan Insurance Co., Inc, the number one non-life insurance company in the Philippines, recently signed a Memorandum of Agreement with First Quadrant Phils., Inc., a well-renowned direct-to-consumer company. Under the agreement all First Quadrant members shall be insured under Malayan’s Personal Accident Insurance. Malayan Insurance is celebrating its 75th Anniversary on February16, 2005.

MALAYAN INSURANCE CO., INC. PROVIDES INSURANCE TO FLIGHT SHOP  CARDHOLDERS
January 2005

Malayan Insurance Co., Inc, the number one non-life insurance company in the Philippines, recently signed a Memorandum of Agreement with The Flight Shop, Inc. and Privilege Card, Inc. (Countdown). Under the agreement All Flight Shop Cardholders shall be insured with Malayan’s Personal Accident Insurance. Everytime the Flight Shop card is used for travel package purchases, the cardholder will also be insured under Malayan’s unique Ensure Travel Aid Travel Insurance product. Shown in the photo are (L-R): Mr. John R. Lomugda, Vice President for Sales of Malayan Insurance; Ms. Joan M. Mercado, Marketing Officer of Countdown; Mr. Jerry Foz Sesmundo, General Manager of Countdown; Ms. Yvonne S. Yuchengco, President of Malayan Insurance; Mr. Angelito Villanueva, President and CEO of The Flight Shop, Inc.; and Ms. Virginia Balagtas, Country Manager of Countdown. Malayan Insurance is celebrating its 75th Anniversary on February16, 2005.