Appointment of resident agent in the Philippines for Lloyd's underwriters
An attorney and resident agent in the Philippines has been appointed for Lloyd’s underwriters. This is to enable Philippines authorised insurers and reinsurers to comply with section 223 of the Philippines Insurance Code should they wish to place reinsurance business directly with Lloyd’s underwriters.
Section 223 of the Insurance Code prohibits an insurance company which is doing business in the Philippines from ceding any risks situated in the Philippines by way of reinsurance directly to a foreign insurer not authorised to do business in the Philippines, unless that foreign insurer is represented in the Philippines by a resident agent who is registered with the Insurance Commissioner.
Lloyd’s underwriters’ resident agent
Lloyd’s underwriters’ resident agent in the Philippines is:
Hiyasmin H. Lapitan, a partner in the law firm
SyCip Salazar Hernandez & Gatmaitan
105 Paeo de Rozas
Makati City, Philippines
Certificate of Registration Number: RA-19-2015-O
As resident agent and attorney for Lloyd’s underwriters, Hiyasmin H. Lapitan is authorised to accept on their behalf service of proceedings and notices addressed to them in connection with legal proceedings in the Philippines against them.