The Malayan Group of Insurance Companies - Subic Bay Philippines

The Malayan Group of Insurance Companies (MGIC) – Originally, the company started as China Insurance and Surety Company Inc., and was founded all the way back in 1930. The company evolved to become the country?s premiere non-life insurance organization. The founder developed a reputation as a determined and hard-working executive who consistently made significant strives in his business ventures. The founder believed that there should be a dependable insurance company people could depend on with fast, fare claims processing. Even after the company rebuilt and reformed after WW-II they honored claims, paid ex-gratia, that were not within the scope of the conditions of the policy. China Insurance and Surety Company Inc. provides many types of insurance policies including Travel, Auto,Home, Motorcycle, Family Relief, OFW, Personal Accident, Business, and many more types of insurance. It wasn’t until 1955 when the name changed to Malayan Group of Insurance Companies (MGIC). At that time and since many subsidiaries and other companies were grouped-up under the current name.