ABOUT US

Philippine Charter Insurance Corporation (PhilCharter)


Corporate Information

Date Established

June 12, 1960

Ownership Structure

100% owned by Metrobank Group

Authorized Capital

Php 350 Million

Paid-up Capital

Php 150 Million

Net Worth (2008)

Php 627 Million

Total Assets (2008)

Php 3.432 Billion

Industry Ranking
(as of July 2009)

No. 9 in Gross Premiums Written
No. 7 in Premiums Earned


 
PhilCharter History

1960
On June 12, 1960, PhilAmGen established Philippine American Assurance Company (PACC) with Miguel Campos as president.

1965
On December 29, 1965, The Whang Group established Charter Insurance Company with Felix Baduria Sr. as President.

1979
Metrobank acquired 75% of PACC and renamed it Pan Philippine General Insurance Co. (PanPhilGen) under the leadership of President Edgardo Espiritu.

1988
Merger of Charter Insurance Co. and Pan Philippine General Insurance Corporation to form Philippine Charter Insurance Corporation.

1990
Mitsui Marine acquired 20% ownership of Philippine Charter Insurance Corporation.

1991
PhilCharter Insurance Corp. moved from PSBank Bldg. to its currenct head office in Skyland Plaza, Gil Puyat Ave., Makati City

2007
Metrobank acquired the 17% share of PhilAm Insurance, thus making Philippine Charter Insurance Corporation 80% owned by Metrobank Group.

2008
Philippine Charter Insurance Corporation becomes wholly owned by the Metrobank Group.