Country: South Korea Page 1 / 11
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- July 15 2019
Munich Re hires Chubb exec in Korea
Kyungsuk Lee has joined the global reinsurer's life division in South Korea.
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- July 8 2019
Korean Re begins Swiss venture with S&P ‘A’ rating
The new office in Zurich is off to a good start which the reinsurer wants to be a major international hub.
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- July 1 2019
Korean capital rule is on schedule
Grace period will help South Korea's insurers meet more capital requirements.
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- May 22 2019
Korean Re targets faster global growth
The opening in Switzerland makes long term sense for a reinsurer with global ambitions.
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- May 22 2019
Korean Re opens in Switzerland
The reinsurance giant is looking to diversify outside its home country.
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- May 20 2019
Korean companies urged to target foreigners
The country's 1.7m foreigners is an opportunity to offset stagnating birth rate.
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- May 6 2019
Samsung F&M takes stake in Canopius
Samsung Fire & Marine will become a "significant" minority shareholder in the specialist (re)insurer.
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- April 19 2019
Munich Re appoints Michael Hauer as Korea CEO
Hauer, a senior Munich Re exec, will relocate from Singapore to Seoul.
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- April 17 2019
Korea’s life association seeks further IFRS 17 delay
South Korean firms would like another delay beyond January 2022.
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- April 9 2019
Troubled Anbang sells Korean asset managers
State-controlled Chinese giant has sold assets to Korea's Woori Financial Group.
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- March 27 2019
Hanwha Life appoints M&A specialist co-CEO
South Korean firm has appointed deal-maker Yeo Seung-joo into the role.
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- March 13 2019
Samsung Life eyes stake in Vietnam’s largest life firm
Samsung Life is reportedly seeking a 20% stake in Bao Viet Life.
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- February 18 2019
North Korea has “great potential”: Korean institute
Korea Institute of Finance report suggests market could be a boon for South Korea.
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- February 13 2019
Shinhan Life picks CEO following rejection
Orange Life CEO withdrawal leads to appointment of an external candidate.
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- January 18 2019
Shinhan wins approval to buy Orange Life
The majority purchase of the former ING Life Korea business will give the group its second life insurer.
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- January 7 2019
Competition leads to record expenses for Korea’s P&C insurers
Marketing budgets and commissions are on the rise amid intense competition.
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- December 31 2018
South Korea bank strikes deal with Vietnamese insurer
Petrolimex Insurance Corporation and Woori Bank have signed a bancassurance agreement.
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- December 13 2018
Kyobo Life has new year IPO wish
Life insurer will raise capital next year by floating on the Korea Exchange.
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- November 6 2018
Premium hikes to help Korea’s P&C firms
However, the overall market is facing increased top-line pressures and tightening regulations.
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- October 11 2018
Korean insurers downsize to meet new rules
Life insurance companies in the country are in the process of downsizing their workforce to cut costs.
