Inception | Corporate Culture | Services | Management | Acknowlegdments | Alliances | Corporate Clientele
Management

A team of dedicated professionals, who make sure that the brokerage process is operated like a well-oiled machine, runs EABIBI. Expertly managing the different tasks, which include obtaining clients, placing the insurance, collecting and remitting premiums, and settling any claims requires a lot of hard work and valuable experience. Since its inauguration in July 1999, EABIBI has gone a long way in building its reputation as a top-notch brokerage in the eyes of the insurance industry and of its clientele. The officers of the company are:

 
Eduardo A. Buendia - President and Chief Executive Officer
 

With more than 30 years experience to his credit, Ed is one of the most recognizable brokers in the insurance and reinsurance industry. After passing the CPA Board Examinations in 1972, he made his start in FGU Insurance Corporation (now BPI/MS) and quickly made his way up the corporate ladder before moving to bigger and better things. In 1977, he secured a position in Metro-Taisho Insurance as a Production Manager.

Ed's career really took off when he joined the Sedgwick Group PLC, a London based company, which was then the largest insurance and reinsurance brokerage in Europe and among the top three in the world. In 1979, he became the Managing Director and CEO of Sedgwick Far East, Ltd., becoming the first ever Asian to represent the company in the Far East.


His involvement with Sedgwick propelled it to become among the top-producing firms in the Philippines, prompting a merger with All Asia Capital in 1997 to form All Asia Sedgwick Insurance Brokers Corp., of which he was president and CEO until June 2000.

During his stint in Sedgwick, Ed pioneered in establishing insurance programs for big industrial risks here in the Philippines. In 1983, he was instrumental in preparing the All Risks Insurance Programs of the NDC (National Development Corporation) Group of Companies, which include:

 
  • National Steel Corporation
  • Philippine Phosphate Fertilizer Corporation
  • Philippine Associated Smelting & Refining Corporation
  • Semirara Coal Corporation
  • Refractories Corporation of the Philippines
Ed also helped prepare and place the All Risks Insurance Program of the National Power Corporation (NAPOCOR) in 1995 and was involved in placing the insurance requirements of such big industry firms as:
 
  • Philippine Airlines
  • Benguet Mining Corporation
  • Atlas Mining Corporation
  • Paper Industries Corporation of the Philippines

Although it is his masterful knack for catering to his clients' ever changing needs and matching them with the best available insurance facilities that gives Ed his competitive edge, it is his ability in nurturing relationships and his trustworthiness that has really differentiated him from the rest. The unrelenting loyalty that his staff bestow on him demonstrates his natural penchant for leadership. These qualities and his savvy for business made it an easy choice for Ed to found EAB Insurance Brokers, Inc. and turn it into a force in the insurance industry today. Under his stewardship, EABIBI is continuing to grow and develop, receiving various accolades from the industry, recognizing its strength in production.

 
Nema T. Tarantan - Senior Vice President
 

Nema is another valuable asset to EABIBI. She joined the firm in September 2004, adding another 30 years of priceless insurance experience to its resume. Her experience is so vast that she literally knows the ins and outs of the industry like the back of her hand.

She started her career in Malayan Insurance Co., Inc. in 1974, working her way up to an Assistant Manager position. She joined Ed in Sedgwick in 1986, becoming Vice President of All-Asia Sedgwick Insurance Brokers in 1997. Along the way, she has received both off and on the job training in the United Kingdom and in Singapore, through Sedgwick. Before joining EABIBI, Nema worked as an Insurance and Reinsurance Consultant for Marsh Philippines, Inc. (2000) and was an independent Insurance and Employee Benefit Consultant (2000-2004).

Nema's areas of specialty include Insurance Underwriting, Reinsurance Broking (Life and Non-Life), and Employee Benefits (i.e. Medical Insurance, HMO & International Travel Assistance). She also had extensive experience with Marine Hull and Aviation during her time with Malayan and Sedgwick. Incidentally, she is also a certified public accountant, having passed the CPA Board Examinations in 1976.

Nema's close ties in the insurance industry is another precious asset that EABIBI is fortunate to avail of. Intangible traits like these are a rarity and contribute greatly to our competitive advantage in servicing accounts and generating new business.

 
Ronaldo R. Galang - Assistant Vice President
 

Ronnie is instrumental in the management of EABIBI as he is in charge of finance and administration. He makes sure that the firm is in compliance with all the regulations that the insurance industry is heavily laden with. This involves meeting with external auditors, the Bureau of Internal Revenue (BIR), Securities and Exchange Commission (SEC), Insurance Commission (IC), and other government agencies for the audit of the company. He also makes sure that all accounts are settled and all books are balanced. This is vital because an insurance facility cannot function without the proper collection and remittance of the premiums involved.

Ronnie is also a Certified Public Accountant, beginning his career with Carlos J. Valdes & Co., CPA's in 1991.

Like Nema, Ronnie also secured a position under Ed at Sedgwick in 1993, becoming Manager for Finance and Administration for All Asia Sedgwick in 1997. He joined EABIBI in April 2000, and has since been instrumental in establishing the company's stability in operation.

 
Angelo Antonio A. Buendia - Director for Sales
 

Angelo has been with EABIBI since inception. He mainly concentrates in generating new business, acquiring big accounts such as CM Pancho Construction, Inc., as well as a voluminous list of high net-worth, private individual accounts. He also plays a crucial role in terms of maintaining existing client relationships, something EABIBI takes precedence in. Despite being relatively new in the industry, Angelo has already built a reputation as an insurance broker of good standing. This, in turn, is helping EABIBI further establish its place as a reputable insurance intermediary.

 
Carlo Eduardo P. Buendia - Director for Marketing
 

Carlo is a fresh addition to EABIBI, joining the firm in December 2005. He has just recently returned from New York, where he worked for 5 years as an Equities and Options Broker for Continental Broker-Dealer Corp. He graduated with honors from the University of Nottingham in July 2000, receiving a BA in Industrial Economics. His work experience and education abroad is a welcome enhancement to the firm. Aside from generating new business, Carlo also works directly with Nema in servicing existing accounts.

 
 
Acknowledgments
EABIBI, in its first 5 years in business, has already made its mark in the insurance industry. Some of its accolades include:
 
  • Top Motor Producers Award (3rd Place) for the year 2002 - Mapfre Asian Insurance Corporation.
  • Bronze Broker Awardee for the year 2003 - PNB General Insurers Co., Inc.
  • Bronze Broker Awardee for the year 2004 - PNB General Insurers Co., Inc.
 
 
EAB INSURANCE BROKERS, INC.
5th Floor Cacho-Gonzalez Building 101 Aguirre corner Trasierra Streets
Legaspi Village, Makati City, Philippines
Tel: (63-2) 8129153 to 54 • Fax: (63-2) 8134545 • Email: carlo@eabibi.com
 
  Copyright © 2010 EABIBI. All Rights Reserved