MANILA, Philippines — KRM Reinsurance Brokers Philippines has secured its position as the leading reinsurance broker in the country, achieving a historic milestone.
According to the latest Insurance Commission Statistics released on November 30, KRM became the first reinsurance broker in the Philippines to exceed P100 million in commission revenue.
As of December 31, 2023, KRM’s remarkable performance set a new industry benchmark, establishing the company as the undisputed leader in the reinsurance sector. The broker was also one of only three firms to produce over P1 billion in premiums, further cementing its dominant position in the market.
In addition, KRM garnered several prestigious accolades, being named Best Broker and Outstanding Customer Service in the Philippines by Insurance Asia News. The company also received recognition for Excellence in Workforce Mobility at the HR Excellence Awards.
KRM’s leadership further strengthened in 2024 with the appointment of lawyer Isagani Acosta, Jr. as president and CEO.
Acosta, who has over 20 years of experience in insurance and risk management, previously served as Senior Vice President at Marsh Philippines.
Alongside Acosta, KRM appointed two seasoned executives — Jared Uichico as Chief Commercial Officer and Hannelli Oasan as Chief Financial Officer—both of whom bring extensive industry experience to the company.
“I am eager to lead KRM towards continued growth and success. Together, we will embark on a new journey,” said Acosta in a statement.
On Thursday, December 5, KRM celebrated its achievements by hosting a Partners’ Appreciation Night at the Sheraton Manila Hotel with over 100 clients, partners, and friends in attendance.
During the event, KRM Chairman Paolo Picazo shared plans for the company’s 30th anniversary in 2025.
Picazo said that with the Philippines’ rapidly expanding economy and infrastructure needs, the demand for advanced insurance solutions has surged.
“KRM has effectively responded to this demand by offering tailored reinsurance solutions that address the unique risks faced by clients in a dynamic market,” said Picazo.
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