AUTOLINK.PH, SABICLUB.COM TIE-UP TO OFFER INSURANCE PRODUCTS FOR KOREANS IN RP
February 2008

Korean information technology-based company Sabiclub.com Corporation and local company Malayan Insurance have joined forces to create the Autolink Automobile Insurance, a car insurance product offered to Philippine car dealers of Autolink.ph and Korean clients of Sabiclub.com.

“The partnership allows Malayan Insurance to penetrate the robust Korean market with Sabiclub’s expertise on the Korean community,” reported Lea Casamayor, managing director, Sabiclub Corp.

“At the same time, it demonstrates Sabiclub’s position as the company that understands the needs of Koreans in the Philippines.

Autolink Automobile Insurance carries Malayan Insurance’s trademark feature CAMILLE (call Malayan Insurance Live LinE), a 24x7 roadside assistance, a first of its kind to be offered in the Philippines.

Launched in September 2002, Autolink.ph is the country’s biggest online portal for second hand cars. It is the car buyer, seller and owners’ gateway to information, tips and the best deals on second hand cars anywhere in Metropolitan Manila, said Casamayor, adding “It has become convenient for buyers and dealers.”

She reported “Through exclusive partnerships with second-hand car dealers, the website now houses more than 24,500 stocks from 38 dealers all over Manila and counting.”

The inclusion of Autolink Automobile Insurance signals a major step by Sabiclub.com to develop Autolink.ph into a Philippine wide directory of second hand car dealers and showrooms.

When the web portal started, it averaged between 500 and 1,000 visitors a day. Today, it has multiplied to 5,000 daily visitors.

In another development, Autolink.ph recently entered into an agreement with Petron Car Care Center, the latest venture of Petron Corporation to set a new standard in motor vehicle care.

The partnership allows members of Autolink.ph to avail of free car trouble consultation by joining the “Ask Moises” forum section of the website. They are also entitled to discounts on Petron Car Care Center services.

Aside from Autolink.ph, Sabiclub.com Corporation is the owner of Station 168 and iHooked Internet café franchises, which currently totals 10 branches nationwide.

Offering Web-related and a consultancy services, Sabiclub was established in October 2000 with idea of promoting the interactive lifestyle of today and the coming generations. Most of the company’s resources and technology come from Korea, a powerhouse in the IT field today.

MALAYAN INSURANCE CO. INC. OUTLOOK REVISED TO POSITIVE; RATINGS AFFIRMED
January 2008

HONG KONG—Standard & Poor's Ratings Services said today it revised the outlook on its 'BB' long-term local currency counterparty credit and insurer financial strength ratings on Malayan Insurance Co. Inc (Malayan) to positive from stable. At the same time, the ratings were affirmed.

"The outlook revision reflects expectations that the company's underwriting performance is on track to improve, supported by further targeting retail business and leveraging its leading market position," said Standard & Poor's credit analyst Paul Clarkson. "The positive outlook is also supported by the company's sound capitalization corresponding to its risk profile. The ratings on Malayan reflect the company's strong market position as the largest player in the domestic non-life insurance industry and its good capitalization. These factors are partly offset by its more volatile, but improved, operating performance compared with its domestic peers', its aggressive investment portfolio, and the challenging environment in which the company operates."

Malayan is the largest non-life insurance company in the Philippines. It has strong parentage, a long track record of operations, deep corporate relationships, and a wide branch network that has helped it maintain a leading 19.5% market share of gross premiums. Malayan is soundly capitalized in relation to its business risk. The company's solvency ratio (shareholders' funds to net premiums written) increased to 245.2% in 2006, from 217.3% in 2005, mainly through equity revaluation.

Malayan Insurance is the flagship company of the Malayan Group of Insurance Companies, composed of Malayan Insurance Co., Inc., Tokio Marine Malayan Insurance Co., Bankers Assurance Corp., and The First Natiowide Assurance Company (FNAC). Malayan is a member of the Yuchengco Group of Companies. It is celebrating its 78th year anniversary this year.

About Standard & Poor’s
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 21 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

A.M. BEST AFFIRMS RATINGS OF MALAYAN INSURANCE COMPANY, INC.
January 2008

Oldwick, New Jersey, U.S.A., November 13, 2007 — A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Malayan Insurance Company, Inc. (MICO) (Philippines). The outlook for both rating is stable.

The ratings reflect Malayan’s strengthened risk-adjusted capitalization, strong market presence with diversified distribution network and stable investment income. Malayan Insurance is well capitalized as reflected in its moderate underwriting leverage and strong risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR). The company reduced its net premium leverage ratio to 0.57 times (0.61 times in 2005), while maintaining a stable growth in surplus level in 2006.

Malayan Insurance has established itself as the market leader in the Philippines’ non-life market. The company maintained its leadership position, capturing 18% of the local market in 2006. Through its nationwide branch network, agency and broker channels, MICO continued to experience a growth of 12.5% in total GPW for 2006. A.M. Best believes its diversified distribution network has given it a competitive advantage over its peers.

A.M. Best believes that stable underwriting income and continued strong risk-adjusted capitalization are essential to the business growth of Malayan, going forward. Malayan Insurance is a flagship company of the Yuchengco Group, which has interests in the banking, finance, investments, construction and real estate, life insurance, education and the automobile industry.

The Philippine non-life insurance industry is somewhat facing a weak regulatory environment with low levels of capitalization requirements, compliance with certain tariff agreements and political instability. In addition, as with other non-life insurers in the country, MICO is exposed to catastrophic perils like typhoons, floods and volcanic eruption.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

SCHENGEN STATES ACCEPT MALAYAN’S TRAVEL MASTER
July 2007

Having the right kind of travel insurance is one of the essential considerations for travelers, especially if they are booking a flight to Europe.

The Schengen area, a coalition of 15 European countries, imposes a requirement on travel and medical insurance policies before one can gain a visa to any of its states.

“Having a medical travel insurance policy with extensive coverage is among the conditions for traveling in these territories, so that in the event of an accident or sickness, the traveler won’t be a burden of the state. Not just any travel insurance will do in the Schengen area,” explained Martin D. Yuchioco of Integrated Marketing Communications Department of Malayan Insurance. The 15 Schengen countries are: Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Greece, Luxembourg, Netherlands, Norway, Portugal, Spain and Sweden.

Malayan’s comprehensive travel insurance policy, Travel Master, is among those accepted in the Schengen area. The minimum coverage imposed for a policy to gain acceptance is P2 million or US$50,000.

Mr. Yuchioco stressed that Travel Master’s wide-ranging coverage has met the requirements of the Schengen area since Malayan first offered the product two years ago.

Travel Master policyholders are also doubly assured by the strength and integrity of Malayan Insurance, whose number 1 position in the non-life insurance industry is verified by the Insurance Commission for 37 consecutive years. Malayan Insurance was one of the 1st insurers to recently receive the Certificate of Authority in compliance with Commission’s requirements.

Travel Master gives emergency medical treatment of up to P2.5 million, anywhere in the world, and gives hospital confinement allowance. In case the policyholder accidentally injures another person or damages a property, there’s also Personal Liability coverage of up to P1 million.

It also provides for the family’s income continuation in case of accidental death, dismemberment or disablement while traveling, with added accidental burial benefit as needed. Malayan’s partnership with Assist America, a worldwide travel emergency assistance provider, also lets it deploy various unlimited local and international emergency medical services.

It also covers Loss of Travel Documents, Loss of Baggage, Baggage Delay and Flight Delay, as well as other assistance benefits. It even has an Emergency Trip Termination feature the non-refundable portion of travel and accommodation expenses paid in advance in case of sudden, unavoidable need to cancel the trip.

MALAYAN INSURANCE MAINTAINS NO. 1 SPOT IN INDUSTRY
July 2007

Malayan Insurance once again emerged as the no. 1 non-life insurance company in the country based on gross premiums written, and premiums earned. This will be the 37th year in which the Yuchengco-owned insurer shall occupy the top rank.

Malayan Insurance emerged on top with gross premiums written (GPW) worth over P5.02 billion as of year end 2006, a 12.5% increase from P4.5 billion GPW in 2005. The company bested other non-life insurance companies when it generated P2.4 billion in premiums earned, a 16% increase from its 2005 figure. The ranking is based on the financial statements of 93 non-life insurance companies submitted to the Insurance Commission earlier this year.

A.M. Best Co., the world’s oldest and most authoritative global insurance rating company, recently reaffirmed Malayan’s favorable rating of B++, recognizing the company’s leading market position, excellent capitalization, and stable income. Malayan Insurance was also appointed as a cooperative partner of Zurich Financial Services of Switzerland, allowing Malayan to serve the non-life insurance requirements of the local corporate clients of the global insurance group. Likewise, international accounts of Zurich Financial Services may be able to gain access to Malayan’s extensive facilities and infrastructure.

Malayan Insurance is the flagship company of the Malayan Group of Insurance Companies, which is composed of Malayan Insurance Co., Inc., the First Nationwide Assurance Corporation, the Tokio Marine Malayan Insurance Company, and the Bankers Assurance Corporation. Malayan has a network of 33 branches and service offices nationwide and paid up capital of P750 million pesos. Malayan Insurance is a member of the Yuchengco Group of Companies (YGC).

MALAYAN STRESSES NEED FOR DIRECTORS & OFFICERS LIABILITY INSURANCE
June 2007

Officers and directors in the country’s biggest corporations and publicly listed companies are at risk of litigation arising from decisions and actions they have made in the performance of their duties. Legal suits may be brought against them from company shareholders, their customers, business partners, or affected third parties, and even company employees, past and present. Former Insurance Commissioner and Malayan Insurance Chairman Adelita Vergel de Dios revealed this during a seminar on directors and officers liability insurance, held recently.

“Developments in the global corporate environment are now emphasizing the numerous risks faced by the members of a company’s Board of Directors and its officers,” said Atty. Vergel de Dios. “Having a comprehensive D&O insurance policy will allow directors and officers to make decisions and take certain management risks inherent in their duties and functions on behalf of the corporations they represent, without fear of incurring personal financial losses in case a lawsuit is filed against them.”

Malayan Insurance recently launched a new product that provides Directors and Officers Liability Insurance to cover past, present and future directors and officers of the availing company, as well as past and present employees in supervisory or managerial positions. Called FORESIGHT D&O Liability Insurance, the new product pays for the claims made against the insured arising out of any allegation of wrongful acts brought against the company’s directors or officers.

Malayan Insurance has partnered with London-based Cooper Gay Co., Limited, one of the largest privately owned insurance and reinsurance broking groups, to reinforce its capability to offer Foresight to the Philippine business sector.

Noting the increase in corporate initial public offerings (IPOs) and secondary stock offerings due to the improving investment climate in the Philippines, Mr. Martin Giggins of Cooper Gay emphasized the need for D&O Liability Insurance: "Due to the prominence and sensitivity of their positions, a company's officers and directors are personally accountable for their actions in relation to their functions in the firms they are connected with. A sharp decline in stock price, a misstatement issued to customers, default of debt to creditors, a contractual dispute with a business partner, or complying with a regulators investigation are just some of the grounds for legal actions that may take a toll on a directors or officers personal finances as well as their reputations," said Mr. Giggins.

The Insurance Commission has recently ranked Malayan Insurance as the number one non-life insurance company in the country in terms of gross premiums written and premiums earned. This was based on year 2006 financial statements submitted by 93 non-life insurers operating in the Philippines. For more information on FORESIGHT D&O Liability Insurance, contact Malayan through tel. no. 242-8888 local 357

CEBU PACIFIC LAUNCHES TRAVEL INSURANCE PRODUCT, TRAVELSURE
April 2007

Cebu Pacific (CEB), the Philippines’ low fare leader and leading domestic carrier has tied up with Malayan Insurance in offering TravelSure, a comprehensive personal accident and emergency medical treatment insurance coverage for guests traveling anywhere in the Philippines or in Asia, beginning April 25, 2007.

“We are launching this new product because we want to provide our guests with more services that address their travel-related needs. What’s new about this product is that guests, who wish to purchase travel insurance, may do so, online right after booking for their flight.” Candice Iyog, VP for Marketing and Product announced.

“For this product, we are partnering with Malayan Insurance, one of the oldest and most reliable insurance companies in the country today. Once again, CEB is offering another industry first with TravelSure and we hope that our guests will take advantage of this product offering.” Iyog emphasized.

Iyog added that TravelSure provides CEB passengers with protection from accidents and medical services, recovery of lost travel documents and other travel related concerns. A complete list of product benefits and features are available online at cebupacificair.com.
CEB passengers aged 1 to 65 years old may avail of the TravelSure product. Its premium is offered at P175 per insured guest, for 30-days coverage. The premium is exclusive of applicable government taxes and surcharges.

“We are happy to say that we are the only Philippine carrier extending this service to its guests. This is further proof of our commitment to provide innovative products and services.” Iyog added.

More information on TravelSure is available online at cebupacificair.com or through the TravelSure hotline at (+632) 867-1578.

Now in its 12th year, CEB has the youngest fleet in the Philippines at just one year. CEB operates 14 brand new Airbus aircraft to its 20 domestic and soon to be 8 regional destinations with the addition of Taipei beginning June 13, 2007.

SAFETY SHOULD TOP SUMMER TRAVEL PLANNING
April 2007

A Filipino family vacationing abroad was involved in a freeway accident during a heavy snowstorm in southern Europe, completely wrecking the car they borrowed from their friend. The couple and their two kids were pulled out and eventually recovered in a hospital.

The family then spent more agonized days trying to settle their medical bills and their liability for the wreckage of the borrowed car, accomplishing a police report and notifying the embassy of the loss of their passports and other belongings that were somehow lost in the chaos of the disaster.

For travelers, this is just one of the many risk scenarios that instantly turn a dream trip into a nightmare. On top of the physical harm is the financial misfortune that soon follows. That’s why prudent travelers should first secure their welfare before they even start planning their itinerary, if they wish to enjoy peace of mind while on the road, on the sea, or in the air.

Travel Master by Malayan Insurance is the surest way to get this peace of mind and financial protection against any misfortune while traveling. Travel Master provides the insured traveler with a Travel Inconvenience Benefit that covers Loss of Travel Documents, Loss of Baggage, Baggage Delay and Flight Delay, as well as other assistance benefits.

In case of an accident or sickness while traveling, Travel Master gives emergency medical treatment of up to P2 million, anywhere in the world, and gives hospital confinement allowance of P1,000 per day. In case the policyholder accidentally injures another person or damages a property, there’s also Personal Liability coverage of up to P1 million.

Travel Master also provides for the family’s income continuation in case of accidental death, dismemberment or disablement while traveling, with added accidental burial benefit as needed. Plus, Malayan Insurance can also deploy various unlimited local and international emergency and medical services, such as emergency repatriation and evacuation, care for unattended minors, hospital admission guarantee, and even legal and language interpreter referrals through Assist America, a worldwide travel emergency assistance provider.

In case there’s a sudden and unavoidable need to cancel the trip, Travel Master even has an Emergency Trip Termination feature that gives back the unused portion of travel and accommodation expenses paid in advance.

In the end, all these benefits are simply designed to give you the peace of mind to enjoy your summer sortie to the fullest. More details about Malayan Insurance’s Travel Master can be obtained by calling tel. no. 242-8888 loc. 263 or 391

MALAYAN COMPLETES DONATION TO COUPLES FOR CHRIST
February 2007

Malayan Insurance Co., Inc. President Yvonne S. Yuchengco (left) presents the firm’s final check donation to (from left) Bernie Cuevas, Tekton Foundation president and general manager; Domy Gregorio, Couples for Christ Coops Federation Chairman; and Lina David, head of Values Formation Program, which is under Tekton Foundation’s Gawad Kabuhayan project. The grant was extended under Malayan’s corporate social responsibility initiative “Kabalikat Malayan, Pondo Kabuhayan”. Through this, Malayan Insurance has been donating a portion of insurance premiums paid by its clients who renewed their comprehensive motorcar insurance or retail fire insurance policies. Tekton Foundation is the social services arm of Couples for Christ.

TWO MALAYAN GROUP COMPANIES BECOME PARTNERS OF ZURICH FINANCIAL SERVICES
February 2007

The Malayan Group of Insurance Companies announces the appointment of two of its companies, Malayan Insurance Co. Inc. and the Bankers Assurance Corp. (formerly Malayan Zurich Insurance Co.), as cooperative partners of Zurich Financial Services of Switzerland.

As a cooperative partner of the global insurance group, Malayan Insurance may now be able to service the non-life insurance requirements of Zurich Financial Services corporate clients in the Philippines. Zurich Financial Services international accounts, meanwhile, may be able to gain access to the facilities and infrastructure of the Philippines largest non-life insurance group.

“With this cooperative partnership, the Malayan Group may further solidify its market leadership and gain prestige from servicing multinational companies. Likewise, corporate clients of Zurich Financial Services can expect the same service excellence and expertise that we provide to our existing clients,” said William Y. Cua, chief operating officer of Malayan Insurance and president of the Bankers Assurance Corp.

The Malayan Group of Insurance Companies is the biggest non-life insurance group in the Philippines. In 2005, the Group’s companies and subsidiaries generated a combines P5.633 billion in gross premiums written and total revenues of P3.035 billion. It is composed of the Malayan Insurance Co., Inc., Tokio Marine Insurance Co., Inc., the First Nationwide Assurance Corp. and the Bankers Assurance Corp. The Malayan Group is a member of the Yuchengco Group of Companies.

Zurich Financial Services Group is an insurance-based financial services provider with core business in General and Life Insurances. Founded in 1872, the Group is headquartered in Zurich, Switzerland and has a global network of subsidiaries and offices in more than 120 countries across North America, Europe, Asia Pacific, Latin America and other markets. The Group wrote $46.8 billion in gross written premiums and announced a net income of $3,214 million and a business operating profit of USD 3.9 billion on 2005.

MALAYAN EXTENDS SERVICE HOURS FOR TYPHOON INSURANCE CLAIMS
October 2006

Malayan Insurance has extended its operating hours in response to the overwhelming number of insurance claims arising from the devastation of typhoon Milenyo. The extended hours will enable Malayan to more efficiently accommodate its numerous claimants, as well as attend to the increase in insurance requirements by various clients and agents.

Vital service divisions such as the Claims Department shall render service from 8 am up to 7 pm during weekdays and from 8 am to 12 noon during Saturdays. The extra working hours demonstrate the company’s commitment to the prompt processing and settlement of just and valid claims.

Malayan also said that the devastation resulting from Typhoon Milenyo underscore the importance of getting comprehensive and reliable insurance protection. Two of the company’s property insurance products, Home Protect and Business Protect, come with a guarantee of total protection from typhoon and flood as well as a variety of natural and man-made causes.

In addition, both products provide personal accident and hospitalization insurance in case of unfortunate physical circumstances arising from any of the covered situations. More information can be obtained by calling Malayan Insurance at tel. no. 242-8888

MALAYAN LEADS INDUSTRY WITH P4.5 BILLION GROSS PREMIUMS IN 2005

.Malayan Insurance Company Inc. (MICO) reaffirms its leadership in the non-life insurance industry when it registered gross premiums amounting to P4.5 billion in 2005.

Based on Financial Statements submitted to the Insurance Commission, Malayan’s gross figures landed the Yuchengco-owned company in the industry’s number one spot, and showed an increase of 3.5% or P152 million from Malayan’s 2004 record of P4.3 billion. It has likewise continued to remain on top in terms of Premiums Earned which was registered at P2.03 billion, a 24.8% or P403 million increase over its 2004 performance.

This marks the 36th consecutive year that Malayan Insurance has surpassed some 100 non-life insurance companies in terms of gross premiums, since 1970. Malayan Insurance is the country’s leading provider of fire, motorcar, marine, casualty, and personal accident insurance, as well as surety and bonds.

Last year also marked another milestone as the company celebrated its 75th anniversary. As a gesture of gratitude, MICO initiated several corporate social responsibility activities involving, among others, the Gawad Kalinga community housing project in Tatalon, Quezon City, the Tekton Foundation of Couples for Christ for its Kabalikat Malayan, Pondong Kabuhayan program, the AFP for its “Alay sa Bayan” livelihood training seminars, and the completion of the Paz Learning Center for the beneficiary-children of its Street Education Project (SEP).

This strong socio-civic mindedness, coupled with its commitment for prompt settlement of just and valid claims, gained Malayan Insurance the recognition of the Philippine insuring public and the global insurance indusstry. A.M. Best Co. has assigned a financial strength rating of B++ that reflects the company’s excellent capitalization, leading market position and stable income supported by strong investment performance. A.M.Best, established in 1899, is the world’s oldest and most authoritative insurance rating and information source.

Another international ratings agency, Standard & Poors, affirmed their rating of BBpi for Malayan Insurance. S&P stated that Malayan’s rating remains supported by leading market franchise, satisfactory solvency and adequate level of reserving.

Malayan Insurance is the core company of the Malayan Group of Insurance Companies, a member of the Yuchengco Group.

INSURING A BUSINESS IS A MUST FOR OWNERS

.MOne mistake business owners make is to think of business insurance as an unnecessary expense, rather than a business essential. It doesn’t take much to lose an entire business to fire, theft, personal accidents, a dishonest employee, or other unforeseen events, whether caused by nature or man.

With all the time, money and effort to set up a business, the little extra invested to protect it could turn out to be the wisest move an owner can make. Used correctly, insurance can also add to the success of a business by reducing the uncertainties under which it operates.

Different types of business insurance are available depending on the owners’ needs. Malayan Insurance, the country’s no.1 non-life insurance company, offers a plan called Business Protect that can be customized to help business owners get the right insurance coverage for their type of business. Under this program, various commercial establishments such as offices, restaurants, gasoline stations, retail shops, salons, and even small kiosks can be covered extensively at affordable premiums. With Malayan’s solid reputation of fast, fair and just claims payment, business could go on as usual with Malayan’s Business Protect.

Business Protect’s Property Insurance protects the business from fire & lightning, earthquake, bursting or overflowing of water tanks, pipes and fittings, riot, strikes & malicious damage, and other natural and man-made disasters. The policy also has provisions for covering electronic equipment within the insured business premises.

Comprehensive General Liability covers legal worries arising from third party claims for accidental injury and/or property damage within the insured business’ premises. Personal Accident, meanwhile, provides monetary benefit for the insured and his employees in the event of accidental death or dismemberment. Burglary and Housebreaking covers your properties against theft following a violent and forcible entry of a felon within your premises.

Money, Securities & Payroll covers financial loss due to burglary or robbery. There’s also a Fidelity Guarantee to protect the insured against fraudulent acts of employees, while Business Interruption, an optional cover, indemnifies the owner for losses and expenses incurred following material damage to insured property such as Losses in Net Profit, Increase Cost of Doing Business, Other Continuing Expenses, or Rental Value Insurance.

More information about Malayan’s Business Protect can be obtained from the company’s marketing department at tel. no 245-7491 or 242-8888 loc. 415, or email
malayan@malayan.com.

INSURANCE PROTECTION FOR GOLFERS A NECESSITY

Golf may seem one of the most benign of sports, but game aficionados know there are plenty of challenges and risks involved as players pit themselves against the elements just to get that ball into the hole.

One major miscue or one poor shot, for instance, can do damage and even be lethal to anyone in its path. Then a relaxing weekend in the greens can suddenly turn into a nightmare of liabilities and lawsuits.

Another upsetting possibility is the damage to or loss of one’s costly golf clubs and irons. These are easily the targets of thieves – whether they’re in the car, at home, or even in the driving range.

For these reasons, serious golfers need to get their equipment as well as themselves insured against these unexpected possibilities. Offering protection way beyond par is Malayan’s Golfer’s Insurance, a policy that’s specifically tailored to give serious golfers total protection from public liability from incidents and from loss and damage to golf equipment.

With this policy, golf clothing, clubs and equipment are protected against fire, lightning, robbery, housebreaking, theft, or accidental means while in any recognized golf course anywhere in the world.

Third party legal liability, meanwhile, gives players worldwide protection from claims arising from accidents made in the course of practicing or playing golf in any recognized golf course. A Personal Accident protection, meanwhile, gives financial benefit and medical expenses for accidental death, dismemberment or disablement.

In addition, Malayan also covers reasonable medical and incidental expenses to a caddie who may sustain accidents caused by the policyholder in the course of the game. Finally, as a grand bonus benefit, policyholders who achieve a hole-in-one are given a Cash Prize to help celebrate a rare moment treasured by any golfer.

All these benefits to give players a worry-free game are available at very affordable annual premiums. For more details, contact Malayan Insurance at tel. no. 242-8888.

MALAYAN INSURANCE DONATES TO COUPLES FOR CHRIST - GK

In support of the Gawad Kabuhayan sustainable livelihood development activity of the Couples for Christ, Malayan Insurance recently turned over the first tranche from a grant program called “Kabalikat Malayan, Pondo Kabuhayan” (KMPK). This program automatically sets aside a portion of insurance premiums paid by individuals who renew their comprehensive motorcar insurance or retail fire insurance policies with Malayan. The KMPK program seeks to assist Gawad Kabuhayan’s efforts to provide startup capital for micro-finance, micro-enterprise and other home-based ventures meant to teach self-sufficiency to the family-beneficiaries of the Gawad Kalinga housing program for the poor. Shown in photo is Yvonne S. Yuchengco (leftmost), President of Malayan Insurance, handing the check donation to executives of Tekton Guild, the social ministry of the Couples for Christ. These are (from right): President and General Manager Bernie Cuevas, Chairman of the Board Nonong Contreras, and Managing Director Bing Hizon. Party hidden is William Y. Cua, Executive Vice President of Malayan Insurance. The turn-over was held at the GK Community at Arkong Bato, Pasig City.

A.M. BEST AFFIRMS RATING OF MALAYAN INSURANCE COMPANY, INC.
January 2006

OLDWICK, N.J., JANUARY 05, 2006
A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Very Good) and assigned an issuer credit rating (ICR) of “bbb” to Malayan Insurance Company, Inc. (MICO) (Philippines). The outlook on both ratings is stable.

The ratings reflect MICO’s consistent market leadership, strong risk-adjusted capitalization and stable stream of investment income. The ratings continue to recognize the company’s extensive reinsurance arrangements.

MICO has established a solid position within the Philippines’ non-life insurance market as a result of its 75 years of operating history. The company has maintained its market leadership in terms of gross premiums written for the last 35 years. Gross premiums grew by 20% to PHP 3.9 billion (USD 70 million) in 2004 from PHP 3.3 billion (USD59 million) in 2003. MICO is the flagship insurance company of Yuchengco Group of Companies (YGC), which is a financial conglomerate in the Philippines.

Aside from maintaining its no.1 position for gross premiums written, Malayan also emerged as the leading company in terms of premiums earned and paid up capital. It bested other non-life insurance companies when it generated PHP 1.63 billion (USD 29.20 million) in premiums earned in 2004, a 52% increase over 2003’s figure of PHP 1.07 billion (USD 19.16 million).

Best’s Capital Adequacy Ratio (BCAR), which measures capitalization on a risk-adjusted basis, demonstrates that MICO was strongly capitalized in 2004. Its net premium leverage ratio was maintained at a conservative level of 0.45 times. The reinsurance program is also supporting the company’s capitalization, which is placed with diversified, high quality reinsurers.

A.M. Best Co., established in 1899, is the world’s oldest and most authoritative insurance rating and information source.

MALAYAN INSURANCE AND SWISS RE SUPPORT GAWAD KALINGA
October 2005

Malayan Insurance, the country’s leading non-life insurance provider, and Swiss Reinsurance Corporation, one of the world’s largest reinsurer, recently commemorated their 50th year of business partnership by sponsoring the construction of two houses for the Gawad Kalinga housing project in Tatalon, Quezon City. Shown in photo during the signing agreement of support are (from left) Yvonne S. Yuchengco, president of Malayan Insurance Company; Pierre Ozendo, chief executive for the Asian Division of Swiss Re; and Mr. Benjamin Gamez of Gawad Kalinga Tatalon, QC. Looking on are the families of Primitivo Sangreo and Jimmy L. Jadulco - beneficiaries of the houses sponsored by the two companies.

MALAYAN INSURANCE AND SWISS RE CONDUCT MEDICAL, DENTAL MISSION
October 2005

Malayan Insurance, the country’s leading non-life insurance provider, and Swiss Re, one of the world’s largest reinsurer, recently commemorated their 50th year of business partnership by holding a medical and dental mission to the residents of the Gawad Kalinga housing project in Tatalon, Quezon City. Held in cooperation with the AY Foundation, the corporate social responsibility division of the Yuchengco Group of Companies, the day-long activity enabled residents to receive free medical consultations and dental treatment from volunteer health care providers as well as various free medicines. Shown at the center of the photo is Yvonne Yuchengco, president of Malayan Insurance, with, to her left, Pierre Ozendo, chief executive for the Asian Division of Swiss Re, along with executives and employees of the two companies and personnel from Gawad Kalinga.

LIZARES, TALISAY BENEFICIARIES REAP FINANCIAL BENEFITS
September 2005

Several beneficiaries of the social development programs of Mayor Anthony V. Lizares and the city of Talisay have received financial benefits from the Malayan Insurance Personal Accident Christmas Cards as well as from the Emergency-Accident Insurance Program (E-ASAP). This is under the aegis of the Talisay-On-Nation (TON) Building Program.

Among the latest death claims under the TON program covered by Malayan Personal Accident Christmas Cards according to its claims adjuster Ms. Michelle Andrico are:

Ms. Melinda Albina of Mayor Lizaress office said that since the project was implemented in 2003 under the E-ASAP was launched, some 214 beneficiaries have already received financial assistance ranging from P2,000 to P5,000 for bodily injuries caused by accidents.

This activity is open to all Talisaynons ranging from ages 18 years old and above. Only accident-related cases which happened in the province of Negros Occidental are covered by this program.

For the month of August 2005 alone, fourteen beneficiaries have already availed of financial benefits.

One of the pre-requisites is that the victim from Talisay should have been admitted in any government or private hospital, and can only avail of this help once a year, regardless of the category of the injury.

The project is being coordinated by the E-ASAP Committee composed of the City Mayor, Vice Mayor, DSWD, Treasurer, Accounting, Budget, PNP and other city officials.

Mayor Lizares said, “We, the city officials of Talisay, are always deeply concerned about the welfare of our citizenry. We will spare no effort and go to all ends to service their need."

MALAYAN INSURANCE SETTLES P54 MILLION FIRE CLAIM
August 2005

Malayan Insurance Co., Inc., the no.1 non-life insurance company in the Philippines, recently settled the fire insurance claim of Rustan’s Commercial Corp. worth P54 million. The claim check represents Malayan’s full claims settlement for a fire, which broke out in Rustan’s warehouse in Taguig recently. Shown in photo are: (Seated: L-R) Mr. Antonio M. Rubin, senior vice president of Malayan Insurance; Ms. Flocerfida F. Vergara, vice president of Rustan’s Commercial Corp.; and Ms. Teresita E. Lazo, general manager of Rustan’s Commercial Corp.; (Standing: L-R) Atty. Emmanuel Villanueva, senior assistant vice president of Malayan Insurance and Mr. Daniel Guinto, insurance manager of Rustan’s Commercial Corp.

INSURANCE CITED AS MOST OUTSTANDING NON-LIFE INSURANCE COMPANY
July 2005

Malayan Insurance Co., Inc. was recently awarded as the Most Outstanding Non-life Insurance Company at the National Level by the Philippine Marketing Excellence Awards. The award was given in recognition of its outstanding marketing performance leading towards market dominance, goodwill, high-level customer confidence, and market acceptability. Shown in photo is Mr. Carlo B. Diaz (2nd from right), senior marketing manager for Malayan, receiving the award.

MALAYAN INSURANCE SETTLES CLAIM ON CELLPHONE INSURANCE
June 2005

Malayan Insurance Co., Inc., the number one non-life insurance company in the Philippines, recently settled the first claim on its Cell Protect insurance product. Cell Protect, a product exclusively being offered to Globe post-paid subscribers, is a cellphone insurance which covers loss and damage to cellphone units, including theft. Shown in photo are: (L-R) Mr. Leo Marvin de Lima, receiving his claim settlement worth P18,800 for his lost Nokia 7610 from Atty. Emmanuel G. Villanueva, Claims Department head of Malayan Insurance.

MALAYAN INSURANCE INKS AGREEMENT WITH RBAP
May 2005

Malayan Insurance Co., Inc., the no.1 non-life insurance company in the Philippines, signed a Memorandum of Agreement with the Rural Bankers Association of the Philippines (RBAP) recently at the RCBC Plaza in Makati. The agreement allows Malayan Insurance to offer its Micro Loan Insurance product, called Todo Asenso, to all Rural Bank clients in the Philippines. Todo Asenso was developed to cater to Micro Finance borrowers and offers protection for Personal Accident, Hospitalization and Medical Reimbursement. Shown in photo during the signing are: (Standing L-R) Atty. Jose Martin Morente, Malayan Insurance senior assistant vice president; Mr. Rodel Nob, Malayan Insurance senior assistant vice president; Atty. Adelita Vergel de Dios, Malayan Insurance chairman; Mr. Enofre Manuel, Malayan Insurance vice president; Mr. Don Glorioso, Rural Bank of Pagbilao; Mr. Carlo Diaz, Malayan Insurance senior manager; Ms. Arlene Calimag, Malayan Insurance senior manager; (Seated L-R) Gen. William Hotchkiss, incoming RBAP president; Mr. Senen Glorioso, RBAP president; Ms. Yvonne Yuchengco, Malayan Insurance president; and Mr. Antonio Rubin, Malayan Insurance second vice president.

MALAYAN INSURANCE CLAIMS SETTLEMENT
May 2005

Malayan Insurance Co., Inc., the no.1 non-life insurance company in the Philippines, recently handed over a check amounting to P20 million to Lacson & Lacson Insurance Brokers, Inc. The claim check represents an advance partial claims settlement for Solid Laguna Corporation. A fire broke out in the Solid Laguna recently. Shown in photo are: (L-R) Mr. Clark Badidles, property claims manager of Malayan Insurance; Atty. Emmanuel Villanueva, senior assistant vice president of Malayan Insurance; Mr. Salvador Lacson, managing director of Lacson & Lacson; Mr. Noemi Molina, executive vice president of Lacson & Lacson; Mr. Winifredo Aningat, strategic business unit head of Malayan Insurance; and Mr. Irwin Dizon, assistant manager of Lacson & Lacson.

A.M. BEST ASSIGNS RATING TO MALAYAN INSURANCE COMPANY, INC.
April 2005

OLDWICK, NEW JERSEY, U.S.A., Apr. 7, 2005 - A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) to Malayan Insurance Company, Inc. (MICO) (Philippines). The outlook is stable.

The rating reflects MICO's excellent capitalization, leading market position and stable income supported by strong investment performance. The rating also recognizes the extensive reinsurance program with financially strong reinsurers.

MICO's capital position as of fiscal year 2003 is PHP 3.6 billion (USD 65 million), which is 43% of the total assets, and the net leverage ratio of the company is 0.36 times. Risk-based capitalization, as measured by Best's Capital Adequacy Ratio, has been above 160% for the last five years. Also supporting capitalization is the extensive reinsurance protection of the company. As of fiscal year 2003, MICO reinsures 88% of its fire business through the usage of international brokers.

MICO was founded in 1930, and for the last 33 years, it ranked number one in terms of written premium in the Philippines non-life market. The company has a premium market share of 12% in the Philippines non-life industry, which includes over 100 non-life companies. MICO is the flagship company of Yuchengco Group of Companies (YGC), which is financial conglomerate in the Philippines. MICO has joint venture subsidiaries with internationally renowned companies such as Tokio Marine Nichido Insurance Company and Zurich Insurance Company.

The Philippines non-life industry measured in terms of USD showed no growth during the last ten years. Furthermore, the non-life insurance premium per capita in USD decreased during this period. The market as a whole is becoming more competitive with the same number of players striving to maintain their market shares.

Within the marketplace, non-life insurance companies that are closely tied to bank or life insurance companies are emerging with various alternative distribution channels. These developments would directly challenge MICO to maintain its leading market position in the future. However, it could be viewed as an opportunity for the company to further develop stronger business relationships with its sister companies that are involved in the banking and life insurance business.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit http://www.ambest.com/ratings.

A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com.

MALAYAN INSURANCE SPONSORS FORUM ON TSUNAMI
March 2005

Malayan Insurance Co., Inc., the no.1 non-life insurance company in the Philippines, sponsored a forum entitled, “Tsunami: It’s Causes and Impacts” recently at the Insurance Commission office. The Forum was attended by participants from the Insurance Commission and Triple I Society (Independent Insurance Intermediaries Society). Shown in the photo is Mr. Antonio M. Rubin, Head Underwriter of Malayan Insurance, receiving the plaque of recognition given by Triple I Society. Malayan Insurance is celebrating its 75th anniversary this year.

FIRST QUADRANT APPOINTS MALAYAN INSURANCE AS OFFICIAL INSURER
February 2005

Malayan Insurance Co., Inc, the number one non-life insurance company in the Philippines, recently signed a Memorandum of Agreement with First Quadrant Phils., Inc., a well-renowned direct-to-consumer company. Under the agreement all First Quadrant members shall be insured under Malayan’s Personal Accident Insurance. Malayan Insurance is celebrating its 75th Anniversary on February16, 2005.

MALAYAN INSURANCE CO., INC. PROVIDES INSURANCE TO FLIGHT SHOP  CARDHOLDERS
January 2005

Malayan Insurance Co., Inc, the number one non-life insurance company in the Philippines, recently signed a Memorandum of Agreement with The Flight Shop, Inc. and Privilege Card, Inc. (Countdown). Under the agreement All Flight Shop Cardholders shall be insured with Malayan’s Personal Accident Insurance. Everytime the Flight Shop card is used for travel package purchases, the cardholder will also be insured under Malayan’s unique Ensure Travel Aid Travel Insurance product. Shown in the photo are (L-R): Mr. John R. Lomugda, Vice President for Sales of Malayan Insurance; Ms. Joan M. Mercado, Marketing Officer of Countdown; Mr. Jerry Foz Sesmundo, General Manager of Countdown; Ms. Yvonne S. Yuchengco, President of Malayan Insurance; Mr. Angelito Villanueva, President and CEO of The Flight Shop, Inc.; and Ms. Virginia Balagtas, Country Manager of Countdown. Malayan Insurance is celebrating its 75th Anniversary on February16, 2005.