Security Bank Corp. has expanded its partnership with Filipino-owned Stronghold Insurance to further strengthen business clients’ non-life insurance protection, especially micro, small and medium enterprises (MSMEs).
Executive Vice President John David Yap, also head of business banking segment for Security Bank, said the insurance company can meet all of their corporate clients’ needs as protection against risks of fire, flood, theft, and other unforeseen events.
“The growing demand from our clients and branches for higher coverage and more accessible non-life insurance underscores a simple truth: financial security is incomplete without protection,” Yap said in a statement.
Stronghold provides several insurance products for Security Bank’s corporate clients such as property and motor vehicle insurance, as well as a comprehensive general liability insurance and fidelity guarantee.
Also included are money insurance, contractor’s all risk insurance or CARI, and performance bonds insurance.
“This new chapter in our partnership with Security Bank is not simply a continuation, but an evolution—unlocking new synergies and opportunities to deliver greater protection and value to clients nationwide,” Stronghold President and General Manager Romulo Delos Reyes Jr. said.
Stronghold, established in 1960, has branches in over 160 locations nationwide.
“Stronghold Insurance is one of the most trusted names in the Philippine insurance industry, known for its financial stability, responsive service, and commitment to protecting individuals and businesses,” Security Bank said.
The partnership is part of the bank’s broader initiative to strengthen its support for MSME and corporate clients, building on recent launches such as the Beyond Banking Partnership Program and Security Bank Collect digital payment platform.
The expanded partnership was formalized on August 13, 2025, during a memorandum of agreement signing in Makati.
Security Bank, the country’s seventh biggest bank, is the strategic local partner of Japanese megabank MUFG Bank Ltd.
