Country: South Korea Page 16 / 26
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- May 20 2019
Korean companies urged to target foreigners
The country's 1.7m foreigners is an opportunity to offset stagnating birth rate.
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- May 6 2019
Samsung F&M takes stake in Canopius
Samsung Fire & Marine will become a "significant" minority shareholder in the specialist (re)insurer.
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- April 19 2019
Munich Re appoints Michael Hauer as Korea CEO
Hauer, a senior Munich Re exec, will relocate from Singapore to Seoul.
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- April 17 2019
Korea’s life association seeks further IFRS 17 delay
South Korean firms would like another delay beyond January 2022.
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- April 9 2019
Troubled Anbang sells Korean asset managers
State-controlled Chinese giant has sold assets to Korea's Woori Financial Group.
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- March 27 2019
Hanwha Life appoints M&A specialist co-CEO
South Korean firm has appointed deal-maker Yeo Seung-joo into the role.
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- March 13 2019
Samsung Life eyes stake in Vietnam’s largest life firm
Samsung Life is reportedly seeking a 20% stake in Bao Viet Life.
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- February 18 2019
North Korea has “great potential”: Korean institute
Korea Institute of Finance report suggests market could be a boon for South Korea.
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- February 13 2019
Shinhan Life picks CEO following rejection
Orange Life CEO withdrawal leads to appointment of an external candidate.
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- January 18 2019
Shinhan wins approval to buy Orange Life
The majority purchase of the former ING Life Korea business will give the group its second life insurer.
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- January 7 2019
Competition leads to record expenses for Korea’s P&C insurers
Marketing budgets and commissions are on the rise amid intense competition.
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- December 31 2018
South Korea bank strikes deal with Vietnamese insurer
Petrolimex Insurance Corporation and Woori Bank have signed a bancassurance agreement.
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- December 13 2018
Kyobo Life has new year IPO wish
Life insurer will raise capital next year by floating on the Korea Exchange.
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- November 6 2018
Premium hikes to help Korea’s P&C firms
However, the overall market is facing increased top-line pressures and tightening regulations.
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- October 11 2018
Korean insurers downsize to meet new rules
Life insurance companies in the country are in the process of downsizing their workforce to cut costs.
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- October 5 2018
Japan hit by eighth typhoon of the year
A stream of powerful storms in Japan is placing pressure on the country's insurers.
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- September 20 2018
Korean risk-based capital ratios rise
A modest leap in profits and investment income was among the reasons for the ratio’s improvement.
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- September 18 2018
Hyundai Life changes name to Fubon Hyundai Life
The change comes after Taiwan’s Fubon Life Insurance increased its stake to 62.4%.
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- August 28 2018
Korea’s non-life firms post 17% decline in net profit
The country's auto insurance sector has been forecast to continue to suffer a growing loss in the second half.
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- August 22 2018
Korea’s life insurers post 6.7% net profit rise
Higher investment returns drove the strong result, according to the Financial Supervisory Service.
