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 14, 2017

2. SEC Identification Number

80118

3. BIR Tax Identification No.

000480069

4. Exact name of issuer as specified in its charter

NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES

5. Province, country or other jurisdiction of incorporation

Metro Manila

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

31st Floor, BPI-Philam Life Makati, 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 SHARES	2,123,605,600

11. Indicate the item numbers reported herein

Item 4 - Changes in the Board 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
Changes in the Board of Directors of the Corporation
Background/Description of the Disclosure
Please be advised that at the meeting of the Board of Directors of the National Reinsurance Corporation of the Philippines held today, December 14, 2017, the Board approved the following: (1) The resignation of Ms. Helen Y. Dee as Chairperson of the Board and as Director of the Corporation. Ms. Dee likewise resigned as Chairperson of the Underwriting Committee. The resignations are effective January 1, 2018. (2) The election of Mr. Cezar P. Consing as Chairman of the Board of the Corporation, vice Ms. Helen Y. Dee, effective January 1, 2018. (3) The appointment of Mr. Antonio M. Rubin as Director of the Corporation vice Helen Y. Dee. Mr. Rubin is also appointed as the Chairman of the Underwriting Committee. The appointment are effective January 1, 2018. (4) The appointment of Mr. Wilfredo C. Maldia as Director of the Corporation vice Atty. Nora M. Saludares pursuant to GSIS Board Resolution No. 222. The appointment is effective December 14, 2017.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
HELEN Y. DEE	Chairperson of the Board of Directors & Chairperson of the Underwriting Committee	Jan/01/2018	To comply with the limits on directorships in publicly listed companies pursuant to the Code of Corporate Governance
NORA M. SALUDARES	Director	Dec/14/2017	Pursuant to GSIS Board Resolution No. 222

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
ANTONIO M. RUBIN	Director & Chairman of the Underwriting Committee	Dec/14/2017	Jan/01/2018	1,000	-	-
WILFREDO C. MALDIA	Director	Dec/14/2017	Dec/14/2017	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
CEZAR P. CONSING	Director	Chairman of the Board of Directors	Dec/14/2017	Jan/01/2018	50	-	-

Other Relevant Information
The Corporation expresses its deepest gratitude to Ms. Helen Y. Dee for her invaluable service to the corporation. The resignation, however, is not expected to have any material impact on the Company's current or future operations or its financial position or results of operation.