AGCS to open Seoul branch
June 30 2017 by InsuranceAsia News
MORE FROM: South Korea
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Hyundai Marine & Fire Insurance’s long-term line results to improve: AM Best
- July 19
The rating agency has affirmed the carrier's financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) with a stable outlook.
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South Korea’s MG Non-Life insurance gets no bidder third time in a row
- July 19
Private equity firms JC Flowers and Dayli Partners, which participated in the preliminary bid in April and conducted due diligence on it, have dropped out of the deal.
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South Korea’s ‘heaviest-in-200-years’ rain to lead to motor, crop losses
- July 19
The event is likely to see reinsurers introduce coverage limits for parking lots and trigger pay-outs from the government’s agricultural and fishery disaster reinsurance program.
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Virtual asset insurance to become mandatory in Korea from tomorrow
- July 18
Local media reports suggest carriers are charging premiums ranging from 5% to 12%.
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