AA Guaranty Assurance Co., Inc. was originally registered as Northwest Insurance and Surety Company, Inc. (NSIC) with the Philippine Securities and Exchange Commission on March 10, 1959. It was granted the certificate of authority by the Insurance Commission to engage in the business and operation of all kinds of insurance at sea, on land, of properties, goods and merchandise, and all forms of transportation and conveyance against fire, earthquake, marine perils, accidents, suretyship and all other forms and lines of insurance authorized by law, except life insurance.
An extension of its corporate life for another 50 years was granted on May 8, 2009.
On December 15, 2015, a group of shareholders owning 2,499,997 shares of stock representing 92% of the outstanding share capital of Northwest Insurance and Surety Company, Inc. sold their respective shareholdings to Reliance Surety and Insurance Company Inc. (RSI). Effective on that date, RSIC became the company’s parent company.
On June 19, 2017, the Board of Directors approved the change in corporate name to AA Guaranty Assurance Co., Inc. including the amendment of principal office and authorized share of capital. The amendments were approved by the SEC on September 8, 2017. Located in Binondo, AA Guaranty Assurance Co., Inc. puts in a lot of value to our policy holders.
AA Guaranty Assurance Co., Inc. has a new set of Board of Directors who are mostly independent and who can boost their technical skills and expertise in their chosen fields.
|Incorporated On||March 10, 1959|
|Commenced Business on||March 16, 1959|
|Administrative Order No.||July 31, 1959|
|Tax Indentification No.||000-881-312-000V|
|Vat Registration No.||94-300-001158|
|Beginning Paid-Up Capital as of March 16, 1959||Php 500,000.00|
|Paid- Up Capital||Php 490,500,000|
|Authorized Capital Stock||1,200,000,000 shares|
|Issued Capital Stock||490,500,000 shares|
|President from 1959 to 1982||Mr. Ang E. Han|
|President from 1982 to June 2013||Mr. Ang Ka Bo|
|President from 2013 to 2015||Olivia Ng Cha Ang|
|President from 2016 to 2017||Andrew Dee Co|
|2018||Rebecca B. dela Cruz|
To be the Premier Insurtech Company in the Philippines.
AA Guaranty Assurance Co., Inc. shall deploy a platform that will be used for advancing the Insurance Industry through system and product innovations.
AA Guaranty Assurance Co., Inc. is composed of passionate individuals with creative minds and skills that will drive change from within the Non-Life Insurance industry and shall carry-out the mission by:
1. Providing our business partners with insurance programs and events to create pathways for success:
- Establish and run a robust Insurtech IT Platform
- Partner with related IT solutions providers to enhance capability of Insurtech IT Platform
2. Providing our business partners and investors with high grade & unlimited investment opportunities.
3. Providing our partners and stakeholders access to innovative non-life insurance solutions and resources that will help the industry move forward.
4. Collaborating with other related institutions and agencies.
H   umanity & Diversity
I     ntegrity & Professionalism
E    xcellent Customer Service
Board of Directors
Mr. Andrew Dee Co
Ms. Rebecca B. Dela Cruz
Mr. Lorenzo N. Dee
Mr. Lawrence Chung
Mr. Donald Patrick L. Lim
Mr. Raymond Maria C. Qua
Mr. John Jason Uy
Mrs. Nanette Quin-Sia
The new set of management drafted the above vision mission, and core values to be responsive to the new opportunities and emerging needs.CEO
Mr. Andrew Dee CoPresident
Mrs. Rebecca B. dela CruzExecutive Vice President
Mrs. Soledad Te GueVice President - Operations
Mr. Alvin M. dela CruzCorporate Secretary
Ms. Nanette Q. Sia
AA Guaranty Assurance Co., Inc. protects the interests of all policy holders, claimants, creditors and minority shareholders by disclosing controlling and substantial interests and by complying with the provisions of Title 20 Chapter III of the Insurance Code on Holding Companies and related party transactions.
AA Guaranty Assurance Co., Inc.’s board ensures that company’s assets are safe and protected from risks such as underwriting risks, reinsurance risks, investment risks, geographical risks, operational risks and legal risks.
The aim is to maximize the performance of the company and to ensure the financial soundness of the company. Hence, reports closely reflects the outcome of AA Guaranty Assurance Co., Inc.’s operations and its financial strengths.
AA Guaranty Assurance Co., Inc. ensures that it is publicly accountable in a fair, honest and equitable manner. Officers and employees of AA Guaranty Assurance Co., Inc. do not have any conflicts of interests in the performance of their responsibility in providing services not only to the company but also to the public.
Annual General Meeting
Notice of 2020 Annual Stockholders MeetingUploaded on June 1, 2020
AgendaUploaded on June 1, 2020
Explanation of Agenda ItemsUploaded on June 1, 2020
Minutes of 2020 Annual Stockholders MeetingUploaded on June 1, 2020
Proxy FormUploaded on June 1, 2020
Nomination FormUploaded on June 1, 2020
Summary of VotesUploaded on June 1, 2020
Shareholders Voting FormUploaded on June 1, 2020
Board of Directors - Notice of MeetingUploaded on June 1, 2020
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