Failed Non-Life Insurance Companies, Philippines, 2012

Here are life insurance companies and non-life insurance companies in the Philippines placed under conservatorship, liquidation or receivership by the Insurance Commission as of November 2012:

A
AFISCO Insurance Corp.
Algen Insurance Corp.

C
Capital Insurance & Surety Co.
Cathay Insurance Co.
CCC Insurance Corp.
Central Surety & Insurance Co.
CICI General Insurance Corp.
Covenant Assurance Co.

D
Development Insurance & Surety Corp.

F
Fidelity Insurance Co.
Filipino Merchants' Insurance Co.
Fire Services Mutual Benefit Association
First Quezon City Insurance Co.

G
General Insurance & Surety Corp.

I
Imperial Insurance Inc.
Insurance of the Philippine Islands Co.

L
Luzon Insurance & Surety Co.

M
Mantrust General Insurance Corp.
Mega Pacific Insurance Corp.

N
National Life Insurance Co. of the Phils.
Nicphil Insurance Inc.

P
Philippine Association for Vocational Education (PAVE) MAS Fund
Philippine General Insurance Corp.
Philippine Public School Teachers Association (PPSTA)

R
Rico General Insurance Corp.

S
South Sea Surety & Insurance Co.

T
TICO Insurance Co.
Times Surety & Insurance Co.
Travellers Life Assurance of the Phils. Inc.

V
Value General Financial Insurance Co.

W
Wellington Insurance Co.

Z
Zenith Insurance Corp.

All in all, 32 insurance companies failed as of November 2012. For further information, contact the Insurance Commission, United Nations Avenue in Ermita, Manila.

Insurance Commission

Phone/Fax (+632) 5238461 to 70
E-Mail: pubassist@insurance.gov.ph
Address: 1071 United Nations Ave.
Ermita, Manila

List of Non-Life Insurance Companies Licensed for 2012-2013
Ranking of Life Insurance Companies, Net Worth Dec 2011