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Republic Surety & Insurance Co., Inc. (Republic), is a wholly owned non-life insurance subsidiary of Meralco. Taken over in March 2007 under the leadership of its President Dr. Pedro P. Benedicto, Jr. Republic has been tasked to underwrite Meralco’s risk exposures and address all its insurance needs including its subsidiaries.

Republic has quickly began to assist Meralco in rationalizing its insurance programs with the aid of engineering surveys and risk management approaches, thus saving Meralco not only substantial premiums but also cost effective cover designs and pro-active claims management.

Envisioning itself as the country’s Total Risk Solution Provider, Republic is quickly becoming a major player in the local insurance industry that make a strong mark for its fierce advocacy towards Good Corporate Governance and Corporate Social Responsibility. It holds among its core value the virtue of “malasakit” in dealing with others.

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Today, Republic is fully licensed to write non-life insurance packages to include Property (Fire & Allied Perils, Industrial All Risks & Commercial All Risks and Engineering), Liabilities & Casualty, Marine, Motor, Surety, Homeowner’s and other Special Packages. It continues to innovate new insurance packages and group programs.

Republic has established and continues to develop a dynamic, pro-active risk management and underwriting team. And with its fast growing underwriting capacity and risk management capability, Republic is poised to propel itself with even greater growth as it serves the expanding requirements of Meralco, Metro Pacific, San Miguel and Lopez groups’ fast-growing corporate, employees and customer requirements.