The Mercantile Insurance Co., Inc.

Company Profile

On 29 October 1962, The Mercantile Insurance Company was born. A highly diversified company, it offers all types of non-life insurance: fire, marine, motor car, personal accident, miscellaneous casualty, aviation, engineering, surety and other kinds of bonds. It was established by a group of dynamic and experienced businessmen, knowlegeable in the trade, to meet the challenges brought about by the sweeping insurance consciousness in the country then. With the Mercantile House Corporation as its managing arm, the company first held offices at the Puyat Building in Escolta, the business heart of the Metropolis during that decade. In its initial year in the business, Mercantile Insurance bested the veterans with a remarkable performance.

With the increase in its volume sales, there was no other way to go but up. So in the following year, Mercantile organized a nationwide chain of 10 general agents and representatives located all over the country, followed by the setting up of permanent branches in Cebu and Davao in 1964, the Bacolod Branch in 1965 and the Cagayan de Oro branch in 1966. Social and political upheavals plagued the country's economy by the end of the decade and in early seventies. Nevertheless, during those bad times, Mercantile trudged on and strengthened even more its responsibility towards helping achieve the nation's economic stability as well as uplifting society's search for a better and secured future.

In 1977, Mercantile Insurance realized a dream nurtured by so many. At the corner of Gen. Luna and Beaterio Streets in Intramuros, a three-storey edifice was built to house the Mercantile Insurance Co., Inc.

In 1984, following the transfer to its permanent home, it set up a service office in General Santos City which eventually grew into a branch office. To welcome the nineties, it opened a regional offices in San Fernando-Pampanga, Calamba-Laguna, Dagupan City in 1993 & Legazpi in 1995.

Mission Statement

Mercantile Insurance is a non-life insurance company.
Mercantile Insurance is committed to the pursuit of LEADERSHIP, EXCELLENCE, and COMPETENCE.
Mercantile Insurance is prepared to provide the best service responsive to the needs of our insuring public.
Mercantile Insurance is a quality team built on self-discipline, mutual respect, trust, pride and shared goals. Our culture encourages initiative and personal risk, high energy, enthusiasm and fun.
Mercantile Insurance fosters timely decisions. It is ready to meet challenges, opportunities and changes.
Mercantile Insurance is conscious of its obligations to society and its shareholders. It is committed to provide its shareholders reasonable or equitable return on their investments.