Visayan Surety Insurance Corporation Inaugurates New Head Office, Signaling a Century of Resilience and Growth

Visayan Surety Insurance Corporation (VSIC) officially marked a historic milestone today with the blessing of its newly renovated head office at the 14th Floor, Kepwealth Center, Cebu Business Park. The inauguration represents a significant leap forward for the company, blending its nearly century-long legacy with a modern, digital-first approach to non-life insurance.

A Legacy of Independent Stewardship

Founded in 1931 by Manuel Gotianoy during the Great Depression, VSIC was built on a foundation of resilience. This spirit was preserved by his son, Atty. Augusto W. Go, who famously maintained the company’s independence despite numerous buyout offers.

Today, under the third-generation leadership of President and CEO Kenneth L. Go, the organization is navigating a dynamic landscape by balancing traditional values with aggressive modernization.

Strategic Transformation and Modernization

During the ceremony, President Kenneth L. Go emphasized that the new office is only one piece of a much larger institutional transformation. The company has recently made substantial investments to fortify its future:

• Technological Advancement: A P30 million investment in a new core insurance software and ongoing digitalization initiatives to streamline transactions for clients and employees alike.

• Expert Leadership: The recruitment of seasoned industry experts to guide the company toward its next level of growth.

• Human Capital: Continuous investment in training and seminars to ensure staff remain at the forefront of insurance trends.

A Call for Cultural Renewal

In a keynote address to employees and stakeholders, President and CEO Kenneth L. Goshared his vision for this new chapter:

"Today's office blessing is more than just a ceremonial activity—it is a symbolic milestone. Visayan Surety is undergoing a major transformation. We have invested significantly in our future... and the new look of our head office is a testament to management's desire to provide everyone a conducive environment to work in.

But transformation does not happen through systems or projects alone. It begins with every one of us. I call on all members of Visayan Surety to embrace this new chapter—let go of unproductive old habits, foster harmony, and bring positive energy into our workplace. Together, let us elevate Visayan Surety by providing exceptional service and living out our core values every day."

Strong Fundamentals and National Reach

The move follows decades of organic, steady growth. From a capitalization of P25 million in 2004, the company surged to P1.3 billion in capitalization by 2022. While the industry faced headwinds in 2024 and 2025 due to natural disruptions affecting insured assets, VSIC remains financially sound and operationally stable.

What began with only two products—Fire and Bonds—has expanded into a comprehensive portfolio of 60 non-life insurance products, supported by a nationwide network of over 150 licensed agents.

The Home for the Next Chapter

The renovated headquarters at Keppel (Kepwealth Center) symbolizes institutional maturity and a forward-looking commitment to protecting Filipino families and businesses. As VSIC opens this new chapter, it reinforces a legacy built on trust, strengthened by resilience, and sustained by principled leadership.