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)

Dec 15, 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 - Election 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
Election of New Directors
Background/Description of the Disclosure
The Board of Directors, in its regular meeting held today, December 15, 2016, approved the following: 1. Election of the following new Directors of the Corporation, to replace Messrs, Robert G. Vergara, Roman Felipe S. Reyes and Gregorio T. Yu who previously resigned as directors of the Corporation: a. Atty. Nora M. Saludares; b. Ms. Jocelyn De Guzman Cabreza; and c. Ret. Lt. Gen. Alan R. Luga. 2. Appointment of the new directors as members of the following board committees: a. Atty. Nora M. Saludares as member of the Risk Oversight Committee and I.T. Special Board Committee b. Ms. Jocelyn De Guzman Cabreza as member of the Nomination and Compensation Committee and Investment and Budget Committee c. Ret. Lt. Gen. Alan R. Luga as member of the Underwriting Committee 3. Designation of Ms. Yvonne S. Yuchengco as Chairman of the Nomination and Compensation Committee.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
-	-	-	-

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
Atty. NORA M. SALUDARES	Director & Member of the Risk Oversight Committee and I.T. Special Board Committee	Dec 15, 2016	Dec 15,2016	1	-	-
Ms. JOCELYN DE GUZMAN CABREZA	Director & Member of the Nomination and Compensation Committee and Investment and Budget Committee	Dec 15, 2016	Dec 15, 2016	1	-	-
Ret. Lt. Gen. ALAN R. LUGA	Director & Member of the Underwriting Committee	Dec 15, 2016	Dec 15, 2016	1	-	-

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
Ms. YVONNE S. YUCHENGCO	Vice-Chairperson of Nomination and Compensation Committee	Chairperson of the Nomination and Compensation Committee	Dec 15, 2016	Dec 15, 2016	100	26,000	PCD Nominee

Other Relevant Information
None