Korean insurers post stellar earnings in Q3
November 7 2016 by InsuranceAsia News Staff
MORE FROM: South Korea
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South Korea’s JKL Partners in talks with JC Flowers to sell Lotte Insurance stake: report
- April 18
While Lotte Insurance considers domestic financial firms as potential acquirers, attracting overseas buyers' interests could enhance its valuation, according to a local news report.
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1.4: South Korean cedents to see single-digit rating increases
- March 28
While the market has yet to fully recover from the past years’ big industrial and cat losses, reinsurers are comfortable with where the rates, terms and conditions are now.
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Korea unveils US$190m trade insurance fund to promote exports
- March 26
The fund will “drastically improve the terms regarding recipient eligibility" and benefit a wide range of sectors ranging from shipbuilding, petrochem to K-pop.
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Exclusive: Hyundai Insurance and Korea P&I Club on hook after Keoyoung Sun tanker sinks off Japan coast
- March 22
A total hull loss is expected for the vessel insured at U$S2.25 million and there is no estimate for the cargo loss yet, industry sources say.
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