R & B INSURANCE CORPORATION
Business Address
15F Petron Megaplaza Building
358 Sen Gil Puyat Avenue,
Tel. Nos. 887-7217/887-7403
Fax No. 887-5693
E-mail address: rbinsure@rbinsure.com
Quezon City Service Office
Ground Floor Victoria I Building,
Quezon Avenue, Quezon City
Tel. Nos. 921-8281/921-8282
Fax No. 922-0038
Date of Incorporation:
May 11, 1959
Certificate of Registration
No. 15346 Issued by SEC
Date of Original License with the Insurance Commission:
June 1, 1959
Administrative Order No.301 issued on June 03, 1959
Purposes:
Main Purposes 1) Insurance and reinsurance of non-life risks
2) Issuance and reinsurance of surety bonds
3) Granting of mortgage loans
4) Ownership and administration of real and personal property
Secondary Purposes 1) To conduct business in a foreign country
2) To act as financial, managerial, special or general agent or representative of
any entity, which is engaged in insurance.
3) To perform all the acts and exercise all general powers conferred by law upon
corporation similarly organized.
Authorized Lines of Business
Fire, Marine, Casualty & Bonds
Present Authorized Capital Stock Php 250,000,000.00
Present Paid Up Capital Stock Php 131,750,000.00
10% Common Shares with Par Value of Php100.00
90% Redeemable Preferred Shares with a Par Value of Php100.00
As of December 31, 2011 Audited Financial Statements
Total Assets Php 151.1M
Total Liabilities Php 9.8M
Paid Up Capital Php 131.75M
Retained Earnings Php 9.8M
Total Equity Php 141.3M
Paid Up Capital as of Dec. 31, 2010 Php 125.5M
Paid Up Capital as of Dec. 31, 2011 Php131.750M
Major Changes:
1. The corporate name “ R & B Surety and Insurance Company, Inc.” was changed to R & B
Insurance Corporation on June 12, 1978.
2. Authorized Capital stock was increased to One Hundred Fifty Million Philippine Pesos
(Php 150,000,000.00) per SEC approval on November 9, 2010.
3. Authorized Capital stock was increased to Two Hundred Fifty Million Philippine Pesos
(Php 250,000,000.00) per SEC approval on March 5, 2012.
Lawyers
Bautista, Picazo Law Office
17th F. Liberty Center 104 H.V. Dela Costa Salcedo Village, Makati City