When a fire broke out in one of the buildings in Manila during the 1960s, their occupants were desperately trying to save their properties, while curious spectators milled around as usual. One man alone, dressed in his business suit, stood quietly apart from the crowd: he was assessing in his mind the cost of what the fire had damaged. In a few minutes, he had it all figured out and was ready to write a check for the damage to the owner of the building, a client of Oriental Assurance Corporation. The observer was Don Gonzalo H. Cotoco, who believed so strongly in insurance that he decided to devote his whole life to it. Starting out as an agent for leading insurance companies, he went on to start his own company, Oriental Assurance Corporation on May 3, 1962, serving as its first chairman and president. Later, he was to pass on this legacy to his son, Nazario H. Cotoco, who continued to lead Oriental, inspired by his father’s strong conviction in the importance of insurance.