K-Sure to provide US$160bn trade insurance in 2016
February 18 2016 by InsuranceAsia News-
Korea’s lithium fire sparks calls for global safety standards
- July 16
Underwriting guidelines must consider various factors to price battery risks, including the quality of manufacture, testing and certification, and the separation and containment of units, especially in light of the Aricell factory fire.
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RGA, Tongyang Life ink first cross-jurisdictional coinsurance deal in Korea at US$144m
- July 2
The deal, which will allow an RGA subsidiary to reinsure a US$144m block of life policies, is expected to help Tongyang Life respond to future interest rate volatility.
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Korean battery plant fire claims likely to leave reinsurers unscathed
- June 27
The primary insurers, KB Insurance and DB Insurance, are expected to retain the losses from the blaze at the Aricell unit as property and liability claims are expected to be relatively low, InsuranceAsia News understands.
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Lotte Insurance final bids due June 28, Woori remains in the race
- June 24
The sale by PE owner JKL Partners, managed by JP Morgan, is targeting US$1.45bn price tag for the carrier.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
