Who’s Who

The Philippine Insurers and Reinsurers Association (PIRA) and its 87 members companies are proud to welcome you to this new website. As the umbrella organization of all non-life insurance companies in the Philippines, PIRA is the acknowledge expert when it comes to the insurance industry. This website aims to be a one-stop-shop of information about insurance in the Philippines.

Since 1954, the Philippine Insurers and Reinsurers Association (PIRA) has been working to make all aspects of insurance easier for consumers, agents and insurance companies in the Philippines.

PIRA is the voice of the non-life insurance industry, forecasting and responding to issues that may arise, and anticipating opportunities to enable its members to better serve their customers.

PIRA encompasses all non-life insurance companies in the Philippines. It is constantly trying to improve and achieve its mission to meet the needs of its members.


PIRA  represents the collective interests of the Philippine non-life insurance industry. It speaks out on issues of common interest; helps to inform and participate in debates on public policy issues; and acts as an advocate for the insurance industry.

PIRA has around 90 companies. Between them, they provide 90 percent of domestic non-life insurance services sold in the Philippines. PIRA members account for a substantial investment in the Philippine stock market.


The insurance industry has undergone a great deal of change in recent years. And that has been reflected by changes in PIRA as well.

PIRA envisions the following…

A sustainably profitable and growing insurance industry in the Philippines.

An industry trusted and recognised as contributing to society and the economy.

A trade body (PIRA) recognized as providing leadership and authoritative collective voice for the insurance industry in the Philippines.

Our mission is to provide leadership on issues requiring the industry’s collective strength and to shape and influence decisions that will benefit the industry collectively.

Specifically, PIRA seeks to:

  • Engage in pro-active research, policy analysis and lobbying;
  • Represent the industry in matters of public policy; and
  • Present a positive image of the industry to the public


Michael F. Rellosa

Mr. Rellosa joined the insurance industry 26 years ago after earning an AB Economics degree from the Ateneo de Manila University. He started his insurance career with FGU Insurance, moved to New Zealand Insurance and spent eight years in Hong Kong under three companies. He returned to the Philippines in 1999 to join Aon before moving to Citystate Insurance two years later. In 2003, he was named President and COO of Fortune Guarantee and Insurance which is presently known as Fortune General Insurance.

He was elected Vice President of the Insurance and Surety Association of the Philippines in 2004 when he was also President of the Philippine Insurers Club. He became PIRA Trustee in 2005 and PIRA Chairman in 2010. On the side, he teaches at the Insurance Institute of Asia and the Pacific.

Pedro Benedicto Jr.

Mr. Benedicto is an electrical engineer who has been in the insurance industry since 1982. He is President and CEO of Republic Surety and Insurance, a company owned by the Manila Electric Company. He received his BS Electrical Engineering degree from the Mapua Institute of Technology and his Masters of Business Administration degree from the De La Salle University. He is currently finishing his Doctorate in Business Administration at DLSU. He was elected as PIRA Trustee and named PIRA Vice Chairman in 2009.

Mr. Emmanuel Que

PIRA since

Atty. Victoria B. Roman

Atty. Roman

Atty. Rhodora Morales

PIRA since 2007

Mr. Ramon Y. Dimacali

Mr. Dimacali serves as President of Federal Phoenix Assurance Company. He also serves as Chairman of Software Ventures International and Asia Pacific College. He has been a Director of Manchester International Holdings Unlimited Corp., formerly Interphil Laboratories, since May 2008. He also serves as Director of Interpharma Investments and IBM Philippines. He was educated at the University of the Philippines where he earned his BS Civil Engineering degree and his Masters in Business Administration. He joined PIRA as a Trustee in 2005 and served as PIRA Chairman in 2006 and 2007.

Atty. Honorio J. Ramajo

Atty. Ramajo is one of the respected veterans of the Philippine insurance industry. He is presently the Executive Vice President of the Mercantile Insurance Company, a company he has been serving since 1963. He served as President of the Insurance and Surety Association of the Philippines from 1985 to 1996 before he was elected as trustee of PIRA in 2005. He served as PIRA Chairman in 2008 and 2009.

Mr. David Mercado Jr.

PIRA since 2002

Mr. Enofre Manuel

PIRA since 2004

Mario C. Valdes

Mr. Valdes is a non-life insurance industry veteran of 36 years. A product of the Ateneo de Manila University, he joined the Ayala Group of Companies after graduation. In 1998, he left the FGU Insurance Corp. to put up his own training consultancy firm but was subsequently taken in by Corporate Guarantee and Insurance Company as Vice President. He joined PIRA as General Manager in 2006. On top of his work at PIRA, he also teaches at the Insurance Institute for Asia and the Pacific..

Comments are closed.