Country: South Korea Page 1 / 14
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- October 28 2020
Samsung chairman’s passing could affect insurance units
Lee Kun-hee's death may particularly impact Samsung Life.
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- October 20 2020
South Korea is “important market”: bolttech’s Rob Schimek
FWD's sister firm has moved into its tenth country in APAC.
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- September 30 2020
First Korean life player given Myanmar green light
The firm is now in search of a local partner to set up a JV.
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- September 22 2020
BNP Paribas Cardif hires first Korean as country CEO
The move is a departure for the firm, which has always appointed a French exec to the top spot.
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- September 21 2020
Axa Korea sale sees rocky start as single bid comes in
One expected contender dropped out at the last minute.
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- September 16 2020
Shinhan selects advisers for potential Axa Korea bid: report
The preliminary bidding process for P&C unit will kick off on September 18.
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- September 10 2020
Market counts losses from multiple typhoons in Korea and Japan
Adjusters are surveying the damage, as a large ethane ship floods while it is being built.
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- September 10 2020
Shinhan’s capitalisation could “weaken” if it pursues M&A: S&P
Several of Korea's financial majors could be looking at buying Axa Korea.
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- September 4 2020
Typhoon Haishen to follow similar path to Typhoon Maysak
The potential super typhoon is set to hit parts of Japan and South Korea over the weekend.
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- September 2 2020
Typhoon Maysak threatens South Korea’s Busan
The market is bracing for claims over the next few days.
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- September 2 2020
Korean internet giant sees digital P&C launch delayed: report
Kakao wants to secure an insurtech foothold amid a buzz of activity.
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- August 27 2020
Prudential Life Korea hires CEO from rival after US$1.9bn deal
The newly-acquired carrier, by KB Financial, appoints DGB Life's leader.
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- August 27 2020
Korea’s market bracing for damage from Typhoon Bavi
Some significant property claims are expected from the storm.
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- August 26 2020
Motor claims drop in Japan and Korea amid lacklustre growth
There are mixed fortunes for P&C players operating in the two countries.
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- August 25 2020
Korean co-insurance to boost capital strength: Fitch
The FSC has developed new regulations to help manage liabilities.
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- August 21 2020
Axa eyes South Korea P&C sell off: report
Any potential sale could raise between US$135m and US$203m.
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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.
