Board of Directors meeting of National Reinsurance Corporation of the Philippines held on January 19, 2017, approved the election of Luis C. Urcia as director of the Corporation. He is replacing Simon R. Paterno, who previously resigned as director of the corporation. Luis C. Urcia was also appointed as member of Investment and Budget Committee and Risk Oversight Committee. And appointed Joli Co Wu as Treasurer of the Corporation. Effective date of appointments is January 19, 2017.