Visayan Surety Insurance Corporation (VSIC), one of the country’s longest-standing homegrown insurers, has officially opened its newly renovated head office at the 14th floor of Kepwealth Center, Cebu Business Park. The milestone signals a broader institutional transformation anchored on modernization, workforce development, and service excellence.
The office blessing was attended by VSIC’s top brokers, agents, partners, employees, and media representatives. In his message, President and CEO Kenneth L. Go emphasized that the inauguration was more than ceremonial, describing it as a turning point for the 95-year-old company. He announced a ₱30 million investment in a new core insurance software system, part of VSIC’s digitalization initiatives to streamline transactions and enhance client servicing.
“We are investing in systems, people, and infrastructure so we can serve faster, operate smarter, and support our clients better,” Go said. “Digitalization will make insurance transactions easier and more convenient, but real transformation begins with our people, working in harmony, embracing innovation, and delivering exceptional service every day.”
As VSIC approaches its 95th anniversary later this year, the company has strengthened its leadership team with seasoned industry professionals and expanded training programs to prepare for the evolving insurance landscape. The new headquarters, located in Cebu’s premier business district, symbolizes VSIC’s operational maturity and readiness for its next growth phase.
Founded in 1931 by businessman Don Manuel Gotianuy alongside Cebu Gov. Jose Leyson, Lim Bon Fing, and other Chinese traders, VSIC has remained proudly independent and family-led through three generations of leadership. Current Chairman Atty. Augusto W. Go steered the firm through decades of industry shifts, while declining buyout offers to preserve its autonomy. Today, his nephew Kenneth continues the legacy, guiding VSIC through a dynamic and risk-sensitive market.
From its early years offering only fire and bond insurance, VSIC now provides 60 non-life insurance products nationwide through a network of more than 150 licensed agents. The company has grown steadily, with capitalization rising from ₱25 million in 2004 to ₱1.7 billion in net worth by the end of 2025, despite challenges posed by climate-related disruptions.
Vice President and Chief Underwriter Edith Suarez, who has worked closely with Go since 2004, noted that VSIC remains financially sound and operationally stable.
“Our story has always been about building steadily and standing on our own,” Go added. “We grew without mergers or shortcuts, guided by discipline, relationships, and a long-term commitment to protecting Filipino businesses and families.”
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