Who we are BOARD OF DIRECTORS

Dr. Lucio C. Tan
Chairman

Carmen K. Tan
Vice Chairman

Rowena T. Chua
Managing Director

Reynaldo B. Montalbo, Jr.
Director

Rufina T. Yu
Director

Harry C. Tan
Treasurer

Irene Tan Luy
Director

Karlu Tan Say
Director

Mary G. Ng
Independent Director

Alfredo B. Jimenez, Jr.
Independent Director

Peter Y. Ong
Independent Director

Atty. Arlene J. Guevarra
Corporate Secretary


CORPORATE OFFICERS

  • Reynaldo B. Montalbo, Jr. - President & CEO
  • Rowena T. Chua - Executive Vice President
  • Rey DC Erlano - Executive Vice President, Chief Marketing Officer
  • Rufina T. Yu - Senior Vice President, Comptroller and Head of Accounting & Finance
  • Eileen D. Clemente - Senior Vice President, Head of Underwriting
  • Mabel D. Mendoza - Vice President, Head of Internal Audit
  • Eileen A. Sy - Senior Assistant Vice President, Head of Corporate Compliance
  • Raffy G. Katigbak - Senior Assistant Vice President, Head of Claims
  • Giovanni P. Miranda - Senior Assistant Vice President, Head of Brokers & General Agencies
  • Marcelino N. Dayrit - Assistant Vice President, Head of Branches Administration
  • Rodrigo N. Mangahas - Assistant Vice President, Head of Information Technology
  • Danilo J. Cabero - Assistant Vice President, Head of Reinsurance
  • Rosalie M. Quicho - Assistant Vice President, Head of Date Analytics
  • Heidelyn C. Ortiaga - Assistant Vice President, Head of Human Resources & Administration
  • Franco Allan P. Jimena - Senior Manager, Head of Accounting

Board Commitees and Charters ABIC's Board Committees assists the Board of Directors in fulfilling it's oversight responsibilities and functions

The Board shall establish an Audit and Risk Committee ("ARC") to enhance its oversight responsibility by reviewing the following:

  1. Company's compliance, auditing, accounting and financial reporting processes (both internal and external);
  2. Internal control system and procedures;
  3. Management of financial and systematic risks;
  4. Financial reports and other financial information provided by the Company to regulatory bodies or to the public;
  5. Internal and external audit processes;
  6. Risk management policies; and
  7. Compliance with applicable laws and regulations.

Chairman: ALFREDO B. JIMENEZ, JR.
Vice Chairman: PETER Y. ONG
Members:

  • ROWENA T. CHUA
  • IRENE T. LUY
  • MARY G. NG

Audit and Risk Committee Charter

The Corporate Governance Committee (the "CGC") Charter shall assist the Board of Directors (the "Board") in performing oversight role in relation to the following:

  1. Compliance to the Corporation's Manual on Corporate Governance. This Manual adopts the good governance principles and practices recommended under the 2020 Code of Corporate Governance for Insurance Companies of the Insurance Commission and related corporate governance circulars of the Securities and Exchange Commission (the "SEC") and other government agencies.
  2. Shall establish the standards and principles for the selection of candidates to the Board of Directors, selects candidates for the election or re-election to the Board of Directors and prepares a proposal for the Board of Directors decision. The Committee shall as well be responsible for appointing, and where necessary removing Executive Directors, and key personnel of the Corporation.
  3. Have the prime role in providing the remuneration packages and benefits of directors, key officers and personnel of the Corporation.

Chairman: LUCIO C. TAN
Vice Chairman: ROWENA T. CHUA
Members:

  • CARMEN K. TAN
  • KARLU T. SAY
  • REYNALDO B. MONTALBO, JR.
  • ALFREDO B. JIMENEZ, JR.
  • PETER Y. ONG

Corporate Governance Committee Charter

The Related Party Transaction Committee Charter (the "RPTC") shall assist the Board of Directors (the "Board") in performing oversight role in the review of all material Related Party Transactions (the "RPTs"). The RPTC shall review RPTs in order to provide reasonable assurance that there is effective compliance with existing laws, rules and regulations at all times, that RPTs are conducted on an arm's length basis, and that no stakeholder is unduly disadvantaged.

Chairman: PETER Y. ONG
Members:

  • ALFREDO B. JIMENEZ, JR.
  • MARY G. NG
  • ROWENA T. CHUA
  • KARLU T. SAY

Related Party Transaction Committee

The Investments Committee Charter (the "Committee") shall assist the Board of Directors (the "Board") in performing the prime authority on reviewing, and directing the implementation of Alliedbankers Insurance Corporation's (the "ABIC/s") corporate policies on investing, in the achievement of its investment objective.

The primary objective of ABIC, is to achieve medium to long term growth through interest income, capital gains and dividends by investing in deposits, repurchase agreements collateralized by government securities, corporate papers and Philippine equities.

Chairman: ROWENA T. CHUA
Members:

  • IRENE T. LUY
  • REYNALDO B. MONTALBO, JR.
  • KARLU T. SAY
  • RUFINA T. YU

Investments Committee Charter

Chairman: REYNALDO B. MONTALBO, JR.
Members:

  • CARMEN K. TAN
  • ROWENA T. CHUA
  • IRENE T. LUY
  • KARLU T. SAY

Executive Committee Charter

The Non-Executive Committee Charter (the "NEC") shall assist the Board of Directors (the "Board") in performing the following:

  1. Providing an independent oversight and constructive challenge to the executive directors.
  2. Responsible for determining appropriate levels of remuneration of executive directors.
  3. Prime role in appointing, and where necessary removing executive directors.
  4. Ensure that there is an appropriate selection process for appointment of independent directors
  5. Prime role in succession and retirement planning

Chairman: LUCIO C. TAN
Members:

  • CARMEN K. TAN
  • IRENE T. LUY
  • KARLU. T. SAY
  • MARY G. NG
  • ALFREDO B. JIMENEZ, JR.
  • PETER Y. ONG

Non-Executive Committee Charter