Republic of the Philippines Department of Finance INSURANCE COMMISSION l 071 United Nations Avenue Manila Conservatorship, Receivership and Liquidation Division A. Insurance Companies Under Conservatorship, Receivership and Liquidation As of 31 May 2020 NAME OF COMPANY DATE CEASE & APPOINTED ADDRESS CONTACT NUMBER DESIST CONSERVATOR/ ORDER (CDO) RECEIVER/ ISSUED LIQUIDATOR 1. AFISCO Insurance May 24, 1988 Atty. Rolando T. Devesa Block 136, Lot 14, Henry Ide St., 09178700414 Corp. Liquidator Katarungan Village Ph II Brgy. Poblacion Muntinlupa City 2. Algen Insurance Corp May 23, 2007 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 loc. 105 (formerly Acropolis By and thru Atty. John A. 1071 U. N. Avenue, Manila 8354-09-91 Central Guaranty Corp.) Apatan Ms. Irene S. Gaerlan Acting President 2nd flr 1250 bldg, 1250 Ex-Officio Liquidator North Edsa, Quezon City 3. BF Life Insurance July 20, 2015 Atty. Iris Sylvia Lucero BF Condominium A. Soriano Jr. 8527-4465 /86387618 Corporation Bonifacio Avenue Intramuros, Manila Liquidator 4. Bureau of Fire Jan. 4, 2018 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Protection Mutual Aid and By and thru 1071 U. N. Avenue, Manila loc. 105 Beneficiary Association, Atty. Alwyn Franz P. Villaruel 8354-09-91 Inc. (“BFPMBAI) Ex-Officio Conservator 5. CAP General Insurance August 13, 2014 Atty. Rhodela Virginia V. Cap Building, 1 3rd Floor 126 Email: Corporation Garcia Amorsolo St., Legaspi Village Makati [email protected] Liquidator City 09178862000 6. CCC Insurance No CDO issued; Atty. Marilyn V. Gallanosa Unit 515, Pacific Century Tower 8990-3541 license not renewed Liquidator 1472-76 Quezon Avenue South since licensing year Triangle, Quezon City 2011-2012 7. Central Surety & May 24, 2005 Atty. Inocencio P. Ferrer Jr. 2nd Flr. Universal - RE Bldg. 8817-4931 Insurance Company Inc. Receiver 106 Paseo de Roxas Legaspi Village, Makati City 8. CICI General Insurance No CDO - Company Insurance Commission Insurance Commission Bldg. Contact Person : Ms. Leslie Corporation placed under By and thru Atty. John A. 1071 U. N. Avenue, Manila Constantino conservatorship on Apatan Tel. No. 8840-4788 June 23, 2009 Ex-Officio Liquidator 9. Covenant Assurance Voluntary cessation Ms. Teresita P. Gutierrez c/o Roman Catholic Archbishop of 384-3093/528-0888 Co., Inc. from business Liquidator Manila, No. 12 Arzobispo, effective April 1, Intramuros, Manila 2009 10. Development Ins. & Nov. 11, 2004 Ms. Teresita P. Gutierrez c/o Roman Catholic Archbishop of 384-3093/528-0888 Surety Corporation Liquidator Manila, No. 12 Arzobispo, Intramuros, Manila 11. Equitable Insurance No CDO issued; Atty. Rony Togonon No. 20 Makabulos St., Katarungan 795-7830/09175114723 Corp. voluntarily stopped Liquidator Village doing insurance Brgy. Mambugan, Antipolo City business effective Aug. 1, 2013 12. Far Eastern Surety & April 15, 2016 Atty. Mila Teresita SJ. Racelis 126 Dr. Alejos San Isidro Labrador, 711-31-83 Insurance Co., Inc. Liquidator Laloma, Quezon City 1744 Taft Avenue, Pasay City 13. Fidelity Insurance Company's Ms. Teresita P. Gutierrez c/o Roman Catholic Archbishop of 384-3093/528-0888 Company Inc. Certificate of Liquidator Manila, No. 12 Arzobispo, Authority not Intramuros, Manila renewed when it expired on June 30, 2000 14. Filipino Merchants' Voluntary cessation Insurance Commission Insurance Commission Bldg. 353-7279 - Ms. Gigi Canoza Insurance Co., Inc. from business By and thru Atty. John A. 1071 U. N. Avenue, Manila effective July 1, 2006 Apatan Ex-Officio Liquidator 15. Fire Services Mutual 20 September 2019 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Benefit Association, Inc. By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 (FSMBAI) Apatan 8354-09-91 Ex-Officio Conservator 16. First Integrated January 15, 2018 Atty. Marianne P. Lozada- 7th Floor, State Condominium 186 (632) 8836-2534 / (632) Bonding & Insurance Co, Marquez Salcedo St., Legaspi Village 1229 85015853 Inc. Receiver Makati City February 18, 2020 under Liquidation 17. First Quezon City Sept. 30, 2002 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Insurance Co., Inc. By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan 8354-09-91 Ex-Officio Liquidator 18. Great Domestic October 21, 2014 Atty. Melanio Elvis M. Balayan 2015 City Land 10 Tower Q. HV Dela 8638-7618 Insurance Co. Liquidator Costa St., Salcedo Village, Makati City 19. Investors Assurance Dec. 5, 2017 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Corporation By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan 8354-09-91 Ex-Officio Conservator 20. Luzon Ins. & Surety Sept. 30, 2002 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Co., Inc. By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan 8354-09-91 Ex-Officio Liquidator 21. Mantrust General October 24, 2003 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Insurance Corporation By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan 8354-09-91 Ex-Officio Liquidator 22. Mega Pacific Insurance Dec. 6, 2004 Insurance Commission c/o Insurance Commission Bldg. 8523-8462 to 70 Corporation By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan 8354-09-91 Ex-Officio Liquidator 23. National Life Insurance No CDO issued; Insurance Commission Insurance Commission Bldg. Tel.8812-6685 to Company of the Phils. Company placed By and thru Atty. John A. 1071 U.N. Avenue, Manila 8810-0251 Loc. 139 under Apatan National Life Bldg., 6782 conservatorship Ex-Officio Conservator Look for Ms. Kate Brooks Ayala Ave. March 31, 2010 Makati City 24. Nicphil Insurance, Inc. No License since Atty. Marilyn V. Gallanosa Unit 515, Pacific Century Tower 8990-3541 July 1, 2005 Liquidator 1472-76 Quezon Avenue South Triangle, Quezon City 25. Philippine Association No CDO Dr. Susan S. Olana, Chairman Rm. 408 Dorm E Dept. of Education 8636-5013 for Vocational Education Committee on Liquidation, Complex (PAVE) PAVE Meralco Ave., Pasig City MAS Fund 26. Philippine General Sept. 13, 2012 Atty. Nasser A. Marohomsalic Blk 2 Lot 8 Parkhomes Dahlia 8243-1223 Insurance Corporation Liquidator Avenue West Fairview Quezon City 2nd Floor State Centre 333 Juan Luna St., Binondo Manila 27. Philippine Fire and October 1, 2015 Atty. Marianne P. Lozada- 7th Floor, State Condominium 186 (632) 8836-2534 / (632) Marine Insurance Marquez Salcedo St., Legaspi Village 1229 85015853 Corporation (PhilFire) Liquidator Makati City 5th Floor, Lepanto Bldg. 8747 Paseo de Roxas, Makati City 28. Philippine Phoenix No CDO issued; Atty. Rhodela Virginia V. Cap Building, 1 3rd Floor 126 Email: Surety & Insurance, Inc. company unable to Garcia Amorsolo St., Legaspi Village Makati [email protected] Unit 4-A, Dolmar Building make good its capital Liquidator City Perez St. cor. United impairment and 09178862000 Nations Ave., Manila margin of solvency deficiency 29. Philippine Prudential Nov. 4, 2016 Atty. Iris Sylvia Lucero Suites 305-309, 3rd Floor 8902-2330 Life Insurance Company, Bonifacio AIC Burgundy Tower, ADB Ave. cor. Inc. Liquidator Sapphire and Garnet Roads, Ortigas Center, Pasig City 30. Philippine Public No CDO Atty. Nasser A. Marohomsalic c/o PPSTA office 8988-1400 / 8988-1413 / School Teachers Conservator 245 Banawe St. 8988-1408 Association (PPSTA) Quezon City 29 Magnolia St., Town & Country Executive Village 31. Rico General License expired – Atty. Nicolas C. Nangit 329 College Road, Pasay City 0916-6460380 Insurance Corporation June 30, 2005; not Liquidator renewed thereafter 32. Security Pacific August 13, 2014 Ms. Maria Fe D. Velasco 131 Capetown St. 8711-57-35 Assurance Corporation Liquidator Pasig Greenpark Village Manggahan, 09178165732 Pasig City 33. South Sea Surety & Sept. 13, 2006 Insurance Commission by and Insurance Commission Bldg. 8523-8462 to 70 Insurance Company Inc. thru Atty. John A. Apatan 1071 U. N. Avenue, Manila loc. 105 Ex-Officio Liquidator 8354-09-91 34. Summit Guaranty & No. CDO issued: Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Insurance Company Inc. Company admitted By and thru Atty. Alywn Franz 1071 U. N. Avenue, Manila loc. 105 its inability to make P. Villaruel 8354-09-91 good deficiency and Ex-Officio Liquidator impairment; submitted itself to IC’s discretion 35. The Capital Ins. & Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Surety Co., Inc June 3, 2004 By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan 8354-09-91 Ex-Officio Liquidator 36. TICO Insurance Co., Nov. 22, 2000 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Inc. By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan 8354-09-91 Ex-Officio Liquidator 37. Times Surety & Nov. 30, 2002 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Insurance Company Inc. By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan Ex-Officio Liquidator 8354-09-91 38. Travellers Life Insurance Commission Insurance Commission Bldg. Mr. Romeo I. Isidro, SVP & Assurance of the By and thru Atty. John A. 1071 U. N. Avenue, Manila Chief Accountant Philippines Inc. Apatan Ms. Edna Cadavona, (Servicing Company) Ex-Officio Conservator Policyholder's Dept. Tel. No. 523-2257 39. Value Gen. Financial June 7, 2011 Insurance Commission Insurance Commission Bldg. 8523-8462 to 70 Insurance Company Inc. By and thru Atty. John A. 1071 U. N. Avenue, Manila loc. 105 Apatan 8354-09-91 Ex-Officio Conservator 40. Zenith Insurance Corp. Nov. 11, 2004 Mr. Rufino H. Abad Insurance Commission Bldg. 8523-8462 to 70 Liquidator 1071 U. N. Avenue, Manila loc. 105 8354-09-91 Servicing Insurance Companies Under the CRL DIVISION As of 31 May 2020 Company Address Overseer Address 1. The Solid Guaranty, Inc. 4th Floor, Vicente Madrigal Bldg. Atty. Richie Q. Caranto No. 7 Calavite St., San Isidro Ayala Avenue, Makati City Overseer Labrador, Sta.Mesa Heights Quezon City 2.