LBP INSURANCE BROKERAGE, INC.

LIBI

LBP Insurance Brokerage, Inc. (LIBI) was organized as a wholly owned subsidiary of the Land Bank of the Philippines on October 22, 1981. LIBI was primarily established to service the bank's insurance requirements, its subsidiaries, its clients/borrowers, and other government offices. It was created for the purpose of engaging in the business of general insurance brokerage management and consultancy services on insurance-related activities to its clients. LIBI was registered at Securities and Exchange Commission (SEC) on July 8, 1982. Its Certificate of Authority/Insurance Brokers License was officially issued by the Insurance Commission on September 10, 1982. On January of 1983 LIBI started its operation with initial capital of P0.250 million. The first office is located at Buendia Ave., Makati Metro Manila c/o Land bank of the Phils Bldg. and eventually transferred to 10th floor. of Century Tower corner, Tordesillas St. dela Costa St. Salcedo Village, Makati City, but on October 27,2003 LIBI was able to acquire its own office unit at 12flr Sycip Law Center bldg. 105 Paseo de Roxas Legaspi Village Makati City. In April 1995 Forex Division was created to engage in foreign currency trading and ceased operation last June 2017.