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                    [ArticleID] => 140775
                    [Title] => Napocor reinsurance bidding fails anew
                    [Summary] => The second bidding for the $6.5-billion reinsurance coverage of the National Power Corp. (Napocor) failed anew yesterday, a ranking government official said.


Finance Undersecretary Antonio Bernardo said the insurance brokers were not able to meet the Terms of Reference (TOR) for the insurance auction.


"The brokers did not pass the 100-percent mandatory requirement," said Bernardo, who is the chairman of the joint bidding committee tasked to handle the auction of the $6.5-billion Industrial All Risk insurance policy.


                    [DatePublished] => 2001-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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            [1] => Array
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                    [ArticleID] => 140645
                    [Title] => Public invited to Napocor insurance bidding
                    [Summary] => The joint bidding committee handling the auction of the National Power Corp.’s Industrial All-Risks (IAR) policy is inviting the business sector and the general public to observe the second electronic bidding today.


To uphold transparency and integrity of the bidding process, the committee has opened its doors to observers to the insurance bidding.


                    [DatePublished] => 2001-11-19 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 140067
                    [Title] => Bidding for Napocor’s reinsurance policy set
                    [Summary] => The second bidding for the $6.5-billion industrial all risks (IAR) policy of the state-owned National Power Corp. (Napocor) will be held on Monday, Nov. 19, a top government official said yesterday.


Finance Undersecretary Antonio Bernardo said that the joint biddings committee, tasked to handle the reinsurance of the country’s largest power producer, decided to conduct the auction next Monday.


He said the new date was finalized in a committee meeting attended by representatives from Napocor and the Government Service Insurance System (GSIS) last Friday.


                    [DatePublished] => 2001-11-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 137164
                    [Title] => Napocor to fasttrack reinsurance bidding
                    [Summary] => The National Power Corp. (Napocor) has asked the joint bidding committee headed by the Department of Finance (DOF) to fasttrack the second bidding of its $6.5 billion industrial all risks insurance policy.


It was learned that the state-owned power firm has already proposed to the multi-agency bidding committee to proceed with the bidding before the end of the month.


Napocor feels that the pre-qualified bidders have already had ample time to factor in the impact of last month’s terrorist attacks in the US on the global insurance market.


                    [DatePublished] => 2001-10-19 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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            [4] => Array
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                    [ArticleID] => 134981
                    [Title] => Bidding for $6.5-B reinsurance of Napocor assets ‘fails’
                    [Summary] => The electronic bidding of the National Power Corp’s $6.5 billion reinsurance coverage did not push through yesterday, a top government official said.


Finance Undersecretary Antonio Bernardo, chairman of the joint bidding committee, said they decided to declare the exercise a "failed auction" after the pre-qualified bidders submitted "letters of regrets".


                    [DatePublished] => 2001-09-28 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 133333
                    [Title] => Government seeks reinsurance of Napocor’s ass
                    [Summary] => Government said yesterday it will conduct a public bidding for the re-insurance of National Power Corporation’s (Napocor) properties currently insured with the Government Service Insurance System (GSIS).


Only private insurers registered to transact directly with Lloyd’s of London or rated according to internationally accepted standards shall be qualified to participate in the bidding, a statement from Malacañang said.


Domestic insurers will also be allowed to participate.


                    [DatePublished] => 2001-09-11 00:00:00
                    [ColumnID] => 133272
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AGNEW HIGGINS PICKERING

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                    [ArticleID] => 140775
                    [Title] => Napocor reinsurance bidding fails anew
                    [Summary] => The second bidding for the $6.5-billion reinsurance coverage of the National Power Corp. (Napocor) failed anew yesterday, a ranking government official said.


Finance Undersecretary Antonio Bernardo said the insurance brokers were not able to meet the Terms of Reference (TOR) for the insurance auction.


"The brokers did not pass the 100-percent mandatory requirement," said Bernardo, who is the chairman of the joint bidding committee tasked to handle the auction of the $6.5-billion Industrial All Risk insurance policy.


                    [DatePublished] => 2001-11-20 00:00:00
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                    [ArticleID] => 140645
                    [Title] => Public invited to Napocor insurance bidding
                    [Summary] => The joint bidding committee handling the auction of the National Power Corp.’s Industrial All-Risks (IAR) policy is inviting the business sector and the general public to observe the second electronic bidding today.


To uphold transparency and integrity of the bidding process, the committee has opened its doors to observers to the insurance bidding.


                    [DatePublished] => 2001-11-19 00:00:00
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                    [ArticleID] => 140067
                    [Title] => Bidding for Napocor’s reinsurance policy set
                    [Summary] => The second bidding for the $6.5-billion industrial all risks (IAR) policy of the state-owned National Power Corp. (Napocor) will be held on Monday, Nov. 19, a top government official said yesterday.


Finance Undersecretary Antonio Bernardo said that the joint biddings committee, tasked to handle the reinsurance of the country’s largest power producer, decided to conduct the auction next Monday.


He said the new date was finalized in a committee meeting attended by representatives from Napocor and the Government Service Insurance System (GSIS) last Friday.


                    [DatePublished] => 2001-11-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Donnabelle L. Gatdula
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                (
                    [ArticleID] => 137164
                    [Title] => Napocor to fasttrack reinsurance bidding
                    [Summary] => The National Power Corp. (Napocor) has asked the joint bidding committee headed by the Department of Finance (DOF) to fasttrack the second bidding of its $6.5 billion industrial all risks insurance policy.


It was learned that the state-owned power firm has already proposed to the multi-agency bidding committee to proceed with the bidding before the end of the month.


Napocor feels that the pre-qualified bidders have already had ample time to factor in the impact of last month’s terrorist attacks in the US on the global insurance market.


                    [DatePublished] => 2001-10-19 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 134981
                    [Title] => Bidding for $6.5-B reinsurance of Napocor assets ‘fails’
                    [Summary] => The electronic bidding of the National Power Corp’s $6.5 billion reinsurance coverage did not push through yesterday, a top government official said.


Finance Undersecretary Antonio Bernardo, chairman of the joint bidding committee, said they decided to declare the exercise a "failed auction" after the pre-qualified bidders submitted "letters of regrets".


                    [DatePublished] => 2001-09-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 133333
                    [Title] => Government seeks reinsurance of Napocor’s ass
                    [Summary] => Government said yesterday it will conduct a public bidding for the re-insurance of National Power Corporation’s (Napocor) properties currently insured with the Government Service Insurance System (GSIS).


Only private insurers registered to transact directly with Lloyd’s of London or rated according to internationally accepted standards shall be qualified to participate in the bidding, a statement from Malacañang said.


Domestic insurers will also be allowed to participate.


                    [DatePublished] => 2001-09-11 00:00:00
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                    [Focus] => 0
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abtest

Napocor reinsurance bidding fails anew

By Donnabelle L. Gatdula | November 20, 2001 - 12:00am

The second bidding for the $6.5-billion reinsurance coverage of the National Power Corp. (Napocor) failed anew yesterday, a ranking government official said. Finance Undersecretary Antonio Bernardo said the insurance...

Business

Public invited to Napocor insurance bidding

November 19, 2001 - 12:00am

The joint bidding committee handling the auction of the National Power Corp.’s Industrial All-Risks (IAR) policy is inviting the business sector and the general public to observe the second electronic bidding...

Business

Bidding for Napocor’s reinsurance policy set

By Donnabelle L. Gatdula | November 14, 2001 - 12:00am

The second bidding for the $6.5-billion industrial all risks (IAR) policy of the state-owned National Power Corp. (Napocor) will be held on Monday, Nov. 19, a top government official said yesterday. Finance Undersecretary...

Business

Napocor to fasttrack reinsurance bidding

By Donnabelle L. Gatdula | October 19, 2001 - 12:00am

The National Power Corp. (Napocor) has asked the joint bidding committee headed by the Department of Finance (DOF) to fasttrack the second bidding of its $6.5 billion industrial all risks insurance policy. It was...

Business

Bidding for $6.5-B reinsurance of Napocor assets ‘fails’

By Donnabelle L. Gatdula | September 28, 2001 - 12:00am

The electronic bidding of the National Power Corp’s $6.5 billion reinsurance coverage did not push through yesterday, a top government official said. Finance Undersecretary Antonio Bernardo, chairman of the...

Business

Government seeks reinsurance of Napocor’s ass

September 11, 2001 - 12:00am

Government said yesterday it will conduct a public bidding for the re-insurance of National Power Corporation’s (Napocor) properties currently insured with the Government Service Insurance System (GSIS). Only...

Business