The Board of Directors of National Reinsurance Corporation of the Philippines meeting held on February 23, 2023, the following matters were taken by the Board: The Board noted the resignation of Atty. Nora M. Malubay as Director of the Corporation and as member of the Underwriting Committee. The Board passed a resolution thanking Atty.

Malubay for her services to the Corporation. The Board approved the election of Mr. Alan R. Luga as Director of the Corporation vice Atty. Nora M. Malubay.

Mr. Luga was also appointed as a Member of the Underwriting Committee. The appointments are effective February 23, 2023.