Country: South Korea Page 1 / 32
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- January 27 2026
Hana Financial, Korea Investment, JC Flowers lodge bids for Yebyeol Insurance: report
Final bids for the bridge insurer set up to transfer MG Non-Life's policies are scheduled for the end of March.
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- January 14 2026
South Korean insurers to face stricter capital base requirement from 2027
Ratio of core capital, which counts paid-in capital and retained earnings, to required capital will be set at 50% or above.
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- January 12 2026
HDI Global expands in South Korea with new representative office
Ki Hyung Jo will serve as HDI Global's market lead for the country.
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- January 2 2026
Korean broker Wise restructures reinsurance team
Head of reinsurance and speciality Won Lee will head the overall team, supported by Yubeom Kim and Jae Bok Cheong.
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- January 2 2026
Hanwha General Insurance secures controlling stake in Indonesia’s Lippo General Insurance
Korean insurer has increased its shareholding to 61.5% after acquiring a 46.6% stake previously held by Hanwha Life Insurance Indonesia.
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- December 22 2025
SK Telecom facing US$1.5bn compensation payout following cyber breach: reports
South Korea's largest mobile network operator suffered the data breach in April, which impacted its 23 million users.
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- December 17 2025
Discount rate cut lowers capital pressures on South Korean non-life insurers: AM Best
Rating agency expects strengthening of supervision on asset-liability management will enhance the industry’s stability and resilience.
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- December 15 2025
Korean Re to benefit from strongest-level capitalisation, dominant home-market position: AM Best
AM Best affirms its A (Excellent) rating with a stable outlook, citing robust balance sheet strength, strongest‑level capitalisation and solid market leadership.
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- December 9 2025
Not resting on their laurels, people-powered Miller eyes seat at South Korea’s top table
Having begun operations at the start of the year, the specialist (re)insurance broker plans expansion through organic and inorganic growth as it seeks to be among the top three brokers within the next five years, country head David Kim says.
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- December 8 2025
Meritz Fire & Marine faces US$680,000 exposure to Coupang data breach
US-listed Korean retailer is facing class action suits in the US and South Korea following a data leak that compromised information of 34 million customers.
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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.
