WHY FGEN?

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WE HAVE BEEN THERE WHEN OUR CLIENTS NEED US MOST ... FOR THE PAST 64 YEARS.

Fortune General Insurance Corporation was born on June 13, 1955 with the establishment of Mutual Security Insurance Corporation. Thirty one years later, in November 1986, the ALC Group of Companies headed by Ambassador Antonio Cabangon-Chua, acquired the majority share of the company and changed its name to Fortune Guarantee and Insurance Corporation.

The ALC Group also owned another non-life insurance company known as Citystate Insurance Corporation. It was a partnership with British, then Singaporean and American partners, notable of which were the Leow family and their Citystate Group, and Liberty International of the US (a Fortune 500 Company). It was in 2002 that Ambassador Cabangon-Chua bought the majority share in Citystate Insurance and had control of two non-life insurance companies. He then  merged the company into one.

On July 10, 2003, the Securities and Exchange Commission gave its approval for the merger, with Fortune Guarantee as the surviving entity. The merger resulted in a company with P200 million in paid-up capital, over P500 million in assets and expected Gross Premium Written of P450 million by end 2007. 

To complete the transition, Fortune Guarantee and Insurance Corporation re-branded itself in 2004 into Fortune General Insurance Corporation.

OUR MISSION

FORTUNE GENERAL INSURANCE CORPORATION is a non-life insurance company with more than half a century of experience. We exist to provide effective and innovative risk transfer tools and cost-effective products. We commit to excellence through the best practices of an insurance company. We want to serve as a role model in the industry as we strive to achieve and sustain the social and economic advantages of our clients, intermediaries, personnel and shareholders. We want to become and remain your insurer of choice.

CORE VALUES


OUR TEAM

FORTUNE GENERAL INSURANCE CORPORATION is managed by a team of veteran industry professionals mixed with up-and-coming millennial executives who know your needs and how to meet them. 

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BOARD OF DIRECTORS

 

J. Antonio A. Cabangon, Jr.
Roberto Jose B. Pabalate
D. Alfred A. Cabangon
D. Arnold A. Cabangon
D. Edgard A. Cabangon
J. Wilfredo A. Cabangon
Helena Joy B. Pabalate
Justice Raoul V. Victorino
Benjamin V. Ramos
Manuel M. Maloles
Redentor D. Magat
Victor B. Abat
Herminia S. Jacinto
Armando S. Malabanan
Luz N. Cotoco
Atty. Socrates M. Arevalo

Chairman of the Board
Vice-Chairman
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Corporate Secretary

 
 

MANAGEMENT

 

J. Antonio A. Cabangon, Jr.
Manuel M. Maloles
Aries Julius R. Aquino
D.Alfred A. Cabangon
Redentor D. Magat
Melinda A. Natividad
Edgardo C. Galvez
Christopher Y. Marquez
Andy William M. Garcia
Jaime P. Conti, Jr.
Rodereck B. Necessario
Leonida G. Fajardo
Maricar P. Lanon

Chairman of the Board
President & CEO
COO & CFO
Treasurer
SVP - Technical Operations
VP - Technical Operations
VP - Surety & Legal
VP - Info. & Systems Development
SAVP - Regional Head Clusters 1 & 2
AVP - Regional Head Cluster 3
Regional Head Visayas & Mindanao
AVP - Claims
AVP - Finance & Compliance