CIBELES INSURANCE SETTLES 3RD BIG FIRE CLAIM IN 2024

Less than 6 months after paying almost P400,000,000 to settle two big 2023 fire claims within 10 days of each other last June 2024, Cibeles Insurance Corporation again broke the standard for claims excellence with our recent fast settlement of our 3rd big claim of 2023.

The warehouse of our long time client Skies Merchandise Corporation, a national distributor of Urban, Sky Travel, Tunkr, Traveli, Kenneth Cole and other well known luggage brands, was unfortunately destroyed from a fire that started in a neighboring establishment in 2023. Skies Merchandise accepted Cibeles' settlement offer of P106,545.522.25 last November 13, 2024, and Cibeles tendered payment of their claim last December 3, 2024, or just 20 days after acceptance of our settlement offer.

Cibeles paid a total of P505,230,678.34 for 3 fire claims in only 6 months in the second half of 2024, demonstrating exceptional financial strength and liquidity that makes the Cibeles name the gold standard in superior insurance protection.

In photo from left to right:

Philip Secosana, owner of Skies Merchandise, Benhur Uyco, Cibeles agent, Michael Secosana, owner of Skies Merchandise, Ruffy Kopio, President and Chief Operating Officer, Cibeles Insurance Corporation

Cibeles paid a total of P505,230,678.34 for 3 fire claims in only 6 months in the second half of 2024, demonstrating exceptional financial strength and liquidity that makes the Cibeles name the gold standard in superior insurance protection