Country: South Korea Page 1 / 33
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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 Insurance
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.
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- March 11 2026
West P&I strengthens Korean presence with new consultancy agreement
WIK Marine Consultant's director S. R. Kim has been appointed as West P&I’s representative in South Korea.
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- March 9 2026
Lotte Non-Life faces capital plan review as JKL accelerates sale
Financial Services Commission directs South Korean carrier to submit a new capital improvement plan within two months, having rejected an earlier proposal.
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- February 16 2026
Korea Investment shortlists 3 targets for insurance market entry: report
Non-banking financial services holding company eyes insurers Yebyeol Non-Life, Lotte Non-Life and KDB Life.
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- February 12 2026
Markel names John Bang as head of South Korea and Japan
Markel says the the newly created role reflects its commitment to expand in the key markets.
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- February 8 2026
South Korean trio explore India insurance expansion: reports
Samsung Fire & Marine and Hyundai Marine & Fire are reported to be primarily studying non-life opportunities, while Mirae Asset is focusing on life insurance.
