Security Bank has partnered with Stronghold Insurance Company, Inc. to expand access to non-life insurance products tailored for businesses, in a move positioned as a safeguard against contingent events such as fire, theft, and natural disasters.
Under a memorandum of agreement signed at the Security Bank Centre, the alliance enables the bank’s clients—particularly MSMEs and corporates—to avail of Stronghold’s suite of insurance offerings. These include property insurance, motorcar insurance, comprehensive general liability, fidelity guarantee, and performance bonds, among others.
John David Yap, EVP and business banking segment head at Security Bank, emphasized the strategic importance of risk protection in financial security. “The growing demand for higher coverage and accessible non-life insurance shows financial security is incomplete without protection,” Yap said. “Through this expanded partnership with Stronghold, we’re addressing that need head-on.”
Romulo I. Delos Reyes, Jr., president and general manager of Stronghold Insurance, highlighted the partnership’s commercial potential. “This is not just a continuation—it’s an evolution. Together, we’re creating new value and delivering stronger protection for clients nationwide,” he said.
The collaboration aligns with Security Bank’s broader initiative to deepen support for MSMEs and corporate clients, complementing its Beyond Banking Partnership Program and Security Bank Collect digital platform.
