Country: South Korea Page 1 / 34
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- September 4 2026
Hana Financial weighs US$148m capital injection for insurance unit amid saturated domestic market: reports
If completed, Hana Insurance will have raised around US$370m in new capital within a year.
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- September 4 2026
Chubb names Samsung Fire veteran Il-Pyung Kim South Korea CEO
Outgoing CEO Janice Mo will step into the role of head of commercial P&C for South Korea.
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- September 3 2026
Samsung Fire & Marine prepares to take control of Canopius: report
Samsung's P&C insurer is nearing a deal to lift its stake in the specialty Lloyd’s (re)insurer to more than 90%, according to reports.
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- August 27 2026
South Korea non-life insurers’ H1 net income up 10% to US$3.7bn
Premium income increased 8.6% to US$50.4bn in the first half of the year, with growth observed across all lines.
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- August 20 2026
From Flores to Chiba, Asia’s nat cat spree exposes protection gap with insurers set to escape major losses
Indonesia, Japan, South Korea and China have been hit with earthquakes, downpours, floods and typhoons over the last week, with loss adjusters telling InsuranceAsia News that the human toll is severe but insured losses remain surprisingly contained due to low coverage in affected areas.
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- August 12 2026
Kyobo Life eyes Axa Korea takeover to re-enter non-life market: report
If completed, the deal would bring Axa Korea back under Kyobo Life's wing after over two decades.
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- August 11 2026
Jeong-Sook Kim joins UK P&I Club to steer South Korea presence
She is a qualified maritime lawyer who previously worked for Steamship Mutual for over a decade.
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- July 31 2026
S&P upgrades Samsung Fire & Marine to AA on stronger capital and rate resilience
South Korean insurer will be able to maintain its 'very strong' competitive moat and capital adequacy over the next two years, the rating agency said.
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- July 31 2026
Shinhan Financial Group walks away from Lotte Non-Life Insurance sale process: report
Negotiations were derailed by valuation concerns, with Korea Investment Finance said to be studying a possible bid.
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- July 30 2026
Samsung Fire & Marine underwrites US$20m virtual asset policy for Korean blockchain firm DSRV
The digit asset insurance protects custodial assets against losses from nat cats and theft via external intrusion.
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- July 24 2026
Shinhan Financial eyes non-life acquisition, confirms Lotte Non-Life interest
CFO Jang Jeong-hun says the Korean financial services group is reviewing various assets in addition to Lotte Non-Life Insurance.
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- July 23 2026
AM Best maintains stable outlook for South Korea’s non-life insurance market
It is supported by sufficient capital resilience, recent regulatory actions, solid investment performance, and a strategic pivot among insurers toward profitability-focused measures.
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- July 23 2026
Coupang warehouse fire could trigger up to US$590m in insured losses: reports
Multi-day blaze at Korean e-commerce giant’s logistics hub this week puts DB Insurance and Meritz-led programs on the hook for potential large-scale claims
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- July 13 2026
OK Financial named preferred bidder for Yebyeol Non-Life
Korea Deposit Insurance Corporation will grant the preferred bidder an exclusive negotiation period and proceed with follow-up steps, including sale negotiations and the signing of a stock purchase agreement.
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- July 7 2026
Aon’s Reinsurance Solutions appoints Matthew Chae as L&H growth leader in South Korea
Seoul-based Chae has strong cross-border expertise and more than 20 years of experience across life insurance and reinsurance.
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- July 3 2026
Quartet set to vie for South Korean bridge insurer Yebyeol Non-Life: reports
Heungkuk Fire & Marine Insurance, OK Financial Group, JC Flowers, and Korea Investment Holdings are reported to have participated in the second main bid for the South Korean bridge insurer.
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- June 28 2026
Shinhan, Korea Investment submit letters of intent for Lotte Insurance: report
Formal public auction for the private equity backed insurer is likely to be launched in August.
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- June 5 2026
Korea P&I Club’s rating outlook revised as reinsurance enhancements reduce volatility: AM Best
Rating agency has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the long‑term ICR of bbb+ (Good) of the club.
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- June 3 2026
Kyobo Life enters race to acquire Yebyeol Non-Life: reports
Korea Investment Holdings and Heungkuk Fire & Marine Insurance are also weighing bids for the bridge insurer after the Korea Deposit Insurance Corporation relaunched the sale process last month.
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- May 31 2026
Tiptree, Warburg Pincus complete US$1.65bn Fortegra sale to DB Insurance
The all-cash deal marks DB's entry into the US and Europe's non-life insurance markets.
