Country: South Korea Page 1 / 13
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- August 14 2020
South Korea’s P&C players hit by US$40m rain losses
The longest monsoon in the country since 2013 has flooded thousands of vehicles and homes.
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- August 12 2020
Prudential Financial agrees Taiwan life sale
The move comes after the US player exited South Korea in April for US$1.9bn.
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- August 12 2020
Korean majors in property sell-off ahead of new regulations
Insurers are shoring up capital to prepare for K-ICS and economic uncertainties from the pandemic.
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- August 5 2020
Korean Re and Carlyle to provide co-reinsurance: report
It's estimated such contracts in South Korea could be worth tens of billions of dollars in value.
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- July 16 2020
Korean insurers under heightened FSS scrutiny
Both non-life and life players have been targeted by the financial regulators.
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- June 16 2020
South Korea to shake-up reinsurance regulation: report
The move could spark more competition.
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- June 11 2020
Reaction to Asia’s June agriculture renewals
Senior experts from Canopius, Lockton and Willis Re give their verdicts.
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- June 8 2020
South Korea eyes stricter supervision for financial conglomerates
There has been a regulatory loophole for years.
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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.
