Country: South Korea Page 1 / 33
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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.
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- January 30 2026
South Korean deposit insurer picks trio of bidders for Yebyeol Non-Life
Hana Financial Group, Korea Investment Holdings, and private equity firm JC Flowers were earlier identified as suitors for the South Korean carrier.
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- January 29 2026
South Korean financial regulator rejects Lotte’s management improvement plan, complicating sale efforts: reports
Rejection follows Financial Services Commission's prompt corrective action issued in November, which the company attempted to overturn through legal action.
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- January 29 2026
South Korea’s new core capital may present capital management challenges: Fitch
New requirements that impose stricter capital base requirement will enhance the quality of insurers’ capital and sector resilience, the rating agency said.
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- January 28 2026
K-Sure to provide record US$193bn in trade insurance: report
US$80bn set aside for small and medium-sized firms by the Korea Trade Insurance Corporation (K-Sure) is also the highest ever, according to president Jang Young-jin.
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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.
