SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Nov 25, 2016

2. SEC Identification Number

80118

3. BIR Tax Identification No.

000480869

4. Exact name of issuer as specified in its charter

NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES

5. Province, country or other jurisdiction of incorporation

MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

31/F BPI-PHILAM LIFE MAKATI (formerly: AYALA LIFE-FGU CENTER), 6811 AYALA AVENUE, MAKATI CITY Postal Code 1227

8. Issuer's telephone number, including area code

(632) 988-7400

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	2,123,605,600

11. Indicate the item numbers reported herein

Item 4 - Resignation of Directors

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

National Reinsurance Corporation of the PhilippinesNRCP

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Messrs. Roman Felipe S. Reyes and Gregorio T. Yu
Background/Description of the Disclosure
Messrs. Roman Felipe S. Reyes and Gregorio T. Yu are nominee directors of the Government Service Insurance System (GSIS). Since their term of office as GSIS Trustee has ended, each submitted his respective resignation as director of the Corporation. Mr. Yu also resigned as Treasurer of the Corporation. In view of their resignation as directors, they likewise resigned from their respective committee membership as follows: Mr. Gregorio T. Yu resigned as member of the Investment and Budget Committee and Risk Oversight Committee. Mr. Roman Felipe S. Reyes, on the other hand, resigned as member of the Underwriting Committee and I.T. Special Board Committee. The Corporation received today, November 25, 2016, the resignation letters of Messrs. Reyes and Yu. which is effective immediately.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
Roman Felipe S. Reyes	Director	Nov/25/2016	Term as GSIS Trustee has ended.
Gregorio T. Yu	Director	Nov/25/2016	Term as GSIS Trustee has ended.

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
				Direct	Indirect
-	-	-	-	-	-	-

Promotion or Change in Designation

Name of Person	Position/Designation		Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
	From	To			Direct	Indirect
-	-	-	-	-	-	-	-

Other Relevant Information
none.