Welcome to Solid Guaranty

SOLID GUARANTY is a non-life insurance company which has been in existence since 1964. The Company was founded by the late Don Antonio P. Madrigal and Don Jose P. Madrigal, sons of eminent Filipino industrialist and former senator of the Philippines, Don Vicente Madrigal. The Madrigals presently own 83% of the Company. The Company's authorized capital stock has been increased from P75 Million to P350 Million. Of this increase, the Madrigals subscribed to P156 Million. Presently, the company has a paid up capital of P142.5 Million and the stockholders have committed to increase the level to P200 Million by the end of 2010. At a Paid Up Capital of P200 Million, Solid Guaranty would be among the largest non-life insurers in the country in terms of capitalization, providing solid protection to its clientele.

Presently, the BELEK, Inc. is the majority owner of Solid Guaranty controlling 53% of the company shares. The BELEK, Inc. owns the Madrigal Properties which manages a number of real estate properties in Manila and nearby provinces. The Belek Inc is spearheaded by Vicente Madrigal III, Gerardo Madrigal and Ms. Terri Madrigal, children of Don Jose Madrigal.

The Company has a large reinsurance capacity supported by reputable foreign reinsurers. For 2010, it has a P560 Million reinsurance facility for property cover, P 150 Million for Engineering, marine cargo at P76 Million and P68 Million for General Accident and Casualty

The Company is now being managed by a new professional management team who has extensive experience in non life insurance. It is committed to be the "company of choice" for non-life insurance products.

Notice To Our Clients And Business Partners

We are pleased to announce the new composition of the Solid Guaranty Board of Directors effective November 18, 2010, to wit:

1. Vicente A.S. Madrigal II - Co-Chairman

2. Gerardo A.S. Madrigal - Co-Chairman

3. Jose B. Zuniga - Vice Chairman

4. Terri A. Madrigal - Member

5. Eleonor C. Relente - Member

Further, we wish to announce that Belek Inc., has recently acquired the stake of almost all of the Solid Guaranty’s minority stockholders thereby increasing their interest on the Company to 93%. Belek Inc., is prepared to meet and exceed the increased capital requirements being implemented by the Insurance Commission.

Belek Inc. which operates the Madrigal Properties Inc is 98% owned by Mr. Vicente A.S. Madrigal II and Gerardo A.S. Madrigal. Madrigal Properties Inc., is engaged in the real property development, leasing and management in various PORTS in the country. The principal stockholders of Solid Guaranty are known in the business community for fair dealings, possess a solid business reputation and still regarded as one of the most solvent and liquid business groups in the country.

The new Solid Guaranty is committed and will continue to provide the same high quality products and services on which we are building our reputation. The new set of Board of Directors and the principal stockholders are committed to carry on the objectives envisioned for the reinvigorated Solid Guaranty.

Board of Directors

• Vicente A.S. Madrigal II
  Co-Chairman
• Gerardo A.S. Madrigal
  Co-Chairmain
• Jose B. Zuniga
  Vice Chairman
• Terri A. Madrigal
  Member
• Eleonor C. Relente
  Member

Senior Management

	JOSE B. ZUNIGA Chief Executive Officer Mr. Zuñiga has a degree in Economics at the Ateneo de Manila University (Cum Laude). He has a masteral degree in Business Administration also at the same university and a masteral degree in Business Economics at the University of the Asia and the Pacific. Mr. Zuñiga who was initially a banker early in his career, is widely credited in transforming PNB General Insurers (the non-life insurance company of PNB) to be the industry leader as far as profitability is concerned and for diversifying and increasing PNB Gen's portfolio from its original base of captive accounts to open market accounts. He is PNB Gen's immediate past President, a post he held for nine (9) years. He has held a variety of senior positions at the Philippine National Bank, heading Corporate Planning, Corporate Affairs and was Division Head of the Corporate Banking Group. He served a total of 27 years at PNB and also held managerial positions at Filinvest Group and Getz Corporation Philippines.
	ELEONOR C. RELENTE First Vice President & Chief Finance Officer Ms. Relente is an accounting graduate (Cum Laude) at San Sebastian College. She is a CPA and holds a degree in Bachelor of Laws at the Lyceum of the Philippines. Ms. Relente, was a former Vice President in PNB Gen who headed Claims Administration, Human Resource, Information Technology, General Services and Legal Services is the Company's Chief Financial Officer. Ms. Relente has rationalized PNB Gen claims handling procedures and actively supported the CEO in professionalizing PNB Gen's staff in her last assignment. She has also held various managerial positions at PNB Holdings Company, Inc. (a holding company of PNB), i.e., HR & Administration, Accounting & Legal Division. She has worked a total of 19.5 years service with PNB Group.
	ELIEZER G. LUALHATI Vice President & Chief Underwriter (All Lines) Mr. Lualhati is a CPA and an Accounting graduate from the University of the East. Prior to joining Solid Guaranty, Mr. Lualhati was with Federal Phoenix Assurance Corporation for 27 years. He is a very experienced underwriter in all lines and has a wide exposure on global and brokers' accounts servicing.

Divisional Managers

• AILEEN UY
  Accounting Manager
• LOURDES D. SOMERA
  Marketing Manager - Retail & Special Accounts
• GODOFREDO A. DIZON, Jr.
  Marketing Manager
• MA. LEAH ORTIZ
  Bonding Manager
• EDEN BATERNA
  Claims & Administrative Manager
• ROMEO CORRAL
  Reinsurance Manager

Our Family