Country: South Korea Page 1 / 13
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- June 1 2020
Kakao and Samsung Fire & Marine end digital venture
A disagreement about selling motor insurance is understood to be the key reason.
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- May 27 2020
Anna Lee promoted at Swiss Re
Head of business services Asia to take on a P&C regional role.
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- May 25 2020
EAIC’s 2020 conference in Seoul delayed by two years
The organising committee has taken the difficult decision to postpone as a result of Covid-19.
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- May 22 2020
Hana Financial to launch digital P&C division
The new operation will be operated via Hana Financial's most recent acquisition.
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- May 20 2020
South Korea’s P&C sector set for 2020 decline: report
Aviation, marine, motor and transit lines are all expected to be under pressure.
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- May 13 2020
Asia’s property pricing continues rise: Marsh
Q1 2020 was the fifth consecutive quarter prices have risen in the region.
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- May 6 2020
Western North Pacific basin cyclone season to be ‘near normal’: GC
Total number of tropical cyclone formations expected to be steady in 2020.
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- April 16 2020
Korea Development Bank edges closer to life sale
Local private equity player PE firm JC Partners is thought to be in the running.
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- April 14 2020
Prudential Life Korea sold to KB Financial for US$1.9bn
The domestic financial group has won out after a bidding war.
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- April 1 2020
Korea’s Shinhan to merge life units in top three push
The consolidation will take place in the second half of 2021.
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- March 31 2020
KDB Life won’t face fine and expects potential buyers
The Korea Development Bank is in the process of selling the insurer for the fourth time since 2014.
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- March 26 2020
KB Financial likely acquirer of Prudential Life Korea
The US$1.8bn move would send a sign to rival Shinhan Financial, who acquired ING Life last year.
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- March 23 2020
Covid-19 compounds South Korea’s P&C challenges
The market has been under pressure for years with poor growth and underwriting results.
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- March 20 2020
Asia’s life players face major headwinds
Chinese and South Korean firms are particularly exposed to the economic uncertainty.
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- March 17 2020
Prudential Life Korea sale set for three-way tussle
The main bidding will take place later this week.
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- March 13 2020
Hyundai Insurance China’s US$158m sale approved
Didi Chuxing and Legend Holdings are behind the moves for the P&C (re)insurer.
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- March 3 2020
Consumer group lobbies against PE bids for Prudential Life Korea
MBK Partners, Hahn & Company and IMM Private Equity are in the running to acquire Prudential.
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- February 25 2020
Korean Re adds Colombia office after Shanghai opening
The reinsurer is on a global expansion drive and joins other majors in Bogota.
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- February 24 2020
Korea’s KDB to be fined if life business unsold by March
The life player is on the market for the fourth time.
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- January 21 2020
Samsung due for reshuffle; life CEO may step down
The Korean conglomerate conducts an annual reshuffle of its leadership.
