Stronghold Insurance wins bid for ?14 Billion GSIS Treaty

MANILA, Philippines – Stronghold Insurance Co. Inc. (SICI), one of the leading companies in the non-life insurance industry of the Philippines, emerged as the winning bidder of 2023 Reinsurance of the GSIS Property and Engineering Combined Risk and Catastrophe Excess of Loss Treaty Service with a total coverage of ?14 Billion. The GSIS Property and Engineering Combined Risk and Catastrophe Excess of Loss Treaty Service, also referred to as XOL, is an agreement aimed at safeguarding government and private properties against unforeseen events to ensure the welfare of Filipinos. Relatively, Stronghold Insurance has established a reputation of trustworthiness and reliability in the non-life insurance industry. With a steadfast commitment to their policyholders and as a reinsurer, SICI ensures that every claim is handled with utmost integrity and efficiency. Whether a minor incident or a major catastrophe, the company's streamlined claims processing system ensures that funds are disburs