Country: South Korea Page 1 / 33
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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.
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- May 28 2026
Hyundai Marine & Fire Insurance to expand into Europe, Southeast Asia: report
South Korean insurers have been actively pursuing overseas expansion in various regions as domestic growth stalls.
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- May 27 2026
South Korean financial regulator approves Lotte’s management improvement plan: reports
Korean insurer must implement its plan for 18 months, with the Financial Services Commission and Financial Supervisory Service monitoring the progress.
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- May 26 2026
South Korea’s FTC raids 8 non-life insurers over suspected bid-rigging: report
- Industry associations
- South Korea
- DB Insurance
- Hanwha General Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
Fair Trade Commission conducted on-site investigations into suspected collusion in bids for corporate group accident insurance policies.
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- May 24 2026
South Korea’s DB Insurance set to complete Fortegra acquisition
Insurer will acquire 100% of the outstanding shares of the US specialty carrier for US$1.65bn in an all-cash deal.
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- May 22 2026
South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
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- May 21 2026
Howden creates new practice for Korean clients in US
UK broker names New York-based Brian Cho as head of the newly formed unit.
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- May 13 2026
JKL Partners reboots sale of Lotte Non-Life Insurance: report
Relaunced sale expected to raise at least US$668m, according to a report by the Seoul Economic Daily.
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- May 12 2026
South Korea’s deposit insurance corporation launches re-bidding for Yebyeol Non-Life
Only Korea Investment Holdings previously submitted a bid for the bridge insurer of troubled carrier MG Non-Life Insurance.
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- May 7 2026
Korean non-life overseas businesses weaken in 2025 as nat cats bite, life insurers surge on M&A
Financial Supervisory Service says it is closely monitoring overseas operations’ financial stability, citing market volatility, Middle East tensions and climate risks.
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- April 21 2026
Swiss Re taps Anna Ziswiler to lead P&C Re across Southeast Asia, India, Hong Kong, Taiwan, South Korea
Singapore-based Ziswiler will start in the role from May 1, reporting to P&C CEO Urs Baertschi.
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- April 14 2026
Korean Re weighs coverage for shippers rerouting around war-hit Strait of Hormuz
Some shippers are reportedly planning to send follow-up ships to offload cargo from vessels and then carry it via alternative routes.
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- April 8 2026
JKL Partners to relaunch Lotte Non-Life sale: report
Seoul-based private equity firm, which holds roughly a 77% stake, attempted to sell last year, but negotiations fell through due to price gaps.
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- April 8 2026
Minhyuk Jung to head up Aon’s South Korea desk
Role sits within Aon's global broking centre.
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- April 1 2026
Asian renewals see broad softening, but outcomes diverge by territory and loss experience
While overall demand remained stable, cedents in South Korea, India, China, and the Philippines capitalised on favourable terms and competitive pricing, with many exploring new structures and proportional protections.
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- April 1 2026
Kyung Tae Koo named Marsh Korea CEO
Seoul-based Koo will oversee the operations of Marsh Korea, including Marsh Risk and Mercer businesses.
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- March 30 2026
South Korea non-life carriers’ insurance income plunges 32% despite premium growth
Insurance income fell to US$3.7bn in 2025, but premium income grew 10% to US$92bn, Financial Supervisory Service data shows.
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- March 20 2026
Hana Financial, Korea Investment, JC Flowers finish due diligence on Yebyeol Insurance ahead of main bid
Korea Deposit Insurance Corporation will review the management plans submitted by the three candidates before choosing a preferred negotiating party.
