Country: South Korea Page 1 / 32
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- December 4 2025
Tiptree shareholders approve US$1.65bn Fortegra sale to South Korea’s DB Insurance
All-cash deal was approved at a special meeting on Wednesday.
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- December 4 2025
APAC non-life insurers to remain stable in 2026 as capital strength offsets regulatory, catastrophe pressures: Fitch
Stable margins and strong solvency expected, Fitch says, with disciplined pricing and steady reinsurance support underpinning a neutral outlook.
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- December 1 2025
South Korea’s financial watchdog slams ‘extremely low’ cybersecurity investment after Coupang breach
Online retailer apologises for a massive data breach, potentially involving nearly 34 million local customer accounts.
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- November 28 2025
Korean Re approved to open branch in India’s Gift City
South Korean reinsurer plans to officially commence operations in April.
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- November 25 2025
Proxy advisory firms split over DB Insurance’s Fortegra acquisition
Glass Lewis and Egan-Jones urge Tiptree shareholders to vote against the deal, while Institutional Shareholder Services has recommended that investors approve the acquisition during next month's vote.
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- November 17 2025
Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports
- Property & Casualty
- South Korea
- Property
- Claims
- DB Insurance
- Hanwha General Insurance
- Hyundai Insurance
- KB Insurance
Hyundai Marine & Fire Insurance, DB Insurance, KB Insurance, and Heungkuk Fire & Marine Insurance are other co-insurers of the building, with total policy limits of around US$261m.
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- November 14 2025
Lotte Insurance to sue FSC over ‘prompt corrective action’: reports
Dispute stems from the regulator's decision to issue a management improvement recommendation to the Korean carrier.
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- November 10 2025
DB Insurance’s Fortegra deal faces Tiptree shareholder opposition
Minority shareholder Veradace Partners has alleged that the US$1.65bn sale is at an 'inadquate valuation' and out of line with shareholders' interests.
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- November 3 2025
Growth prospects intact for KB Insurance despite medical, motor lines pressures: AM Best
Rating agency affirmes KBI’s rating of A (excellent) with a stable outlook.
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- October 20 2025
Industry review, new corporate info drive Fitch upgrade for Construction Guarantee
While the rating agency expects CG’s capital strength to remain stable, COR rose to 126% in 2024 from 68% in 2022, driven by higher guarantee claims and additional reserves amid economic strain, high interest rates and rising construction costs.
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- October 14 2025
Lawmakers to question major Korean carriers over high disaster insurance premiums, margins: report
- Insurers
- South Korea
- DB Insurance
- Hanwha General Insurance
- Hyundai Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
The National Assembly has summoned chief executives of Samsung Fire & Marine, DB Insurance, Hyundai Marine & Fire, KB Insurance, Hanwha General Insurance, Meritz Fire & Marine and NH NongHyup Property & Casualty Insurance.
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- October 2 2025
Regulatory pressure weighs on Korean digital insurers: report
The industry is calling for regulations tailored to startup carriers, including easing the application of K-ICS.
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- September 26 2025
DB Insurance clinches US$1.65bn deal for US specialty carrier Fortegra
The Korean insurer will acquire a 100% of the Warburg Pincus-backed Tiptree subsidiary.
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- September 24 2025
KDIC aims to recover US$740m through SGI Seoul Guarantee stake sale: report
South Korean deposit insurer has begun offloading a 33.85% stake to recoup public funds injected during the Asian financial crisis.
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- September 23 2025
Marsh appoints Youn Wook (Cleo) Kang as senior client adviser for Asian power, energy specialty
Seoul-based Kang is a seasoned legal professional with deep experience in large-scale energy projects, project finance, and offshore wind, according to Benjamin Chang, Marsh's managing director and energy and power leader for Asia.
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- September 19 2025
Lotte Insurance sees takeover interest from Korea Investment Holdings: reports
Listed insurer backed by JKL Partners had attempted a sale last year, but negotiations fell through due to price gaps with potential buyers.
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- September 19 2025
Long term, profitable lines to sustain Samsung Fire & Marine’s underwriting profitability: AM Best
Global rating agency affirms a financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (ICR) of aa+ (Superior) to Samsung Fire & Marine and its subsidiaries.
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- September 9 2025
Midea Group founder takes 11.5% stake in Samsung P&C China: reports
Acquisition from Yuxing Technology Development will make Foshan Shunde District Junlan Hotel Management the third-largest shareholder, pending regulatory approval.
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- September 4 2025
MG Non-Life’s bridge insurer starts operations
South Korean regulator transfers all insurance contracts and assets to Yebyeol Non-Life Insurance and all MG Non-Life Insurance operations have been suspended.
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- September 1 2025
Aon hires Bonjay Koo as enterprise client leader, Asia Pacific for South Korea
Koo, who joins from Deloitte, will report to Craig Torgius, chief client officer and head of enterprise clients for Asia Pacific, and work closely with Korea CEO Kevin Kim.
