Country: South Korea Page 1 / 35
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- October 16 2026
KB Insurance opens UK arm, sets sights on stakes in Lloyd’s syndicates: report
London subsidiary is the South Korean insurer's fourth overseas subsidiary after Indonesia, the US, and China.
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- October 13 2026
Shinhan Financial agrees US$516m deal for controlling stake in Lotte Insurance
Korean financial services group signed an agreement to purchase a 77% stake in the non-life carrier from private equity owner JKL Partners.
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- October 8 2026
South Korea’s OK Financial signs deal to acquire Yebyeol Insurance from KDIC
KDIC will provide US$737m in financial support as part of the deal.
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- October 8 2026
Exclusive: Meritz Korindo chief denies reports of stake sale by Meritz Fire & Marine
Cha Hee Jun, president director of the company, told InsuranceAsia News that the Korean insurer has no plans to sell its stake in the Indonesian JV.
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- October 6 2026
Meritz moving to sell 51% stake in Indonesian JV: report
Meritz Fire & Marine Insurance plans to reallocate proceeds from the sale of Meritz Korindo, its joint venture with South Korean-Indonesian multinational firm Korindo Group, to improve capital efficiency and boost corporate value.
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- October 5 2026
South Korea’s nat cat claims under public insurance schemes top US$1bn in 2025: Korean Re
Claims paid under storm and earthquake insurance, crop disaster insurance, and livestock disaster insurance rose by 16.5% year on year.
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- October 2 2026
KDIC, OK Financial set to conclude negotiations over YeByeol Non-Life Insurance deal: reports
Final acquisition of the bridge insurer set up to wind down the troubled MG Non-Life Insurance is expected to be completed in 2027.
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- September 30 2026
Lotte Non-Life eyes mid-October open sale, awaits bidders: report
Industrial Bank of Korea and Heungkuk Fire & Marine Insurance are seen as potential bidders in the new auction, according to Maeil Business.
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- September 10 2026
Singapore’s GIC takes 5% stake in Samsung Fire and Marine
With its purchase of 2.24 million shares, the sovereign wealth fund has become one of the largest shareholders of the South Korean insurer.
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- September 4 2026
Hana Financial weighs US$148m capital injection for insurance unit amid saturated domestic market: reports
If completed, Hana Insurance will have raised around US$370m in new capital within a year.
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- September 4 2026
Chubb names Samsung Fire veteran Il-Pyung Kim South Korea CEO
Outgoing CEO Janice Mo will step into the role of head of commercial P&C for South Korea.
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- September 3 2026
Samsung Fire & Marine prepares to take control of Canopius: report
Samsung's P&C insurer is nearing a deal to lift its stake in the specialty Lloyd’s (re)insurer to more than 90%, according to reports.
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- August 27 2026
South Korea non-life insurers’ H1 net income up 10% to US$3.7bn
Premium income increased 8.6% to US$50.4bn in the first half of the year, with growth observed across all lines.
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- August 20 2026
From Flores to Chiba, Asia’s nat cat spree exposes protection gap with insurers set to escape major losses
Indonesia, Japan, South Korea and China have been hit with earthquakes, downpours, floods and typhoons over the last week, with loss adjusters telling InsuranceAsia News that the human toll is severe but insured losses remain surprisingly contained due to low coverage in affected areas.
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- August 12 2026
Kyobo Life eyes Axa Korea takeover to re-enter non-life market: report
If completed, the deal would bring Axa Korea back under Kyobo Life's wing after over two decades.
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- August 11 2026
Jeong-Sook Kim joins UK P&I Club to steer South Korea presence
She is a qualified maritime lawyer who previously worked for Steamship Mutual for over a decade.
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- July 31 2026
S&P upgrades Samsung Fire & Marine to AA on stronger capital and rate resilience
South Korean insurer will be able to maintain its 'very strong' competitive moat and capital adequacy over the next two years, the rating agency said.
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- July 31 2026
Shinhan Financial Group walks away from Lotte Non-Life Insurance sale process: report
Negotiations were derailed by valuation concerns, with Korea Investment Finance said to be studying a possible bid.
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- July 30 2026
Samsung Fire & Marine underwrites US$20m virtual asset policy for Korean blockchain firm DSRV
The digit asset insurance protects custodial assets against losses from nat cats and theft via external intrusion.
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- July 24 2026
Shinhan Financial eyes non-life acquisition, confirms Lotte Non-Life interest
CFO Jang Jeong-hun says the Korean financial services group is reviewing various assets in addition to Lotte Non-Life Insurance.
