Country: South Korea Page 21 / 24
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- April 22 2016
Korean woes
The depths of Korea's problems came into sharp relief when Allianz sold its life unit for less than a Gangnam apartment.
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- April 20 2016
Korea to reform motor premiums to punish bad drivers
Insurance will be priced based on the specifics of each case to encourage reckless drivers to be more careful.
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- April 13 2016
Korean insurers post worst returns in more than a decade
Investment income ratio dropped to an average of 4% last year, the lowest return on invested capital since 1991.
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- April 12 2016
More Korean insurers to go up for sale this year
The low price paid by Anbang for Allianz Life Insurance Korea highlights the troubles facing the industry.
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- April 8 2016
Korea’s life policy cancellation rates hit record high
Policyholders cancelled contracts worth W18.5 trillion during 2015, according to a survey by industry group KLIA.
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- April 7 2016
Anbang buys Allianz’s Korea life unit for US$216 million
The deal comes barely a week after Anbang abandoned a US$14 billion bid for Starwood Hotels & Resorts.
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- April 6 2016
Pacific Life Re to open branch in Korea
The Financial Services Commission has approved the US-based reinsurer's application to do business in the country.
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- March 29 2016
Korea’s NHIS adding more investment products
The addition of more dividend-paying products to its investment portfolio is intended to boost returns.
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- March 10 2016
Foreign competition to shake up Korea’s reinsurance market
Korean Re's dominance is expected to be tested this year with the entry of several foreign reinsurance companies.
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- March 9 2016
Chinese firms aggressively pursuing M&A deals in Korea
Players in the Korean market face worsening profits, which is creating buying opportunities for mainland firms.
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- February 26 2016
Chinese bidders queue up for Allianz Korean life business
Fosun and Anbang are reportedly showing interest in the asset, which is said to be worth US$500 million.
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- February 25 2016
Anbang joins bid to buy Hyundai Securities
The Chinese insurer is up against Fosun Group and Korean firms KB Financial and Korea Investment & Securities.
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- February 22 2016
PE firm to sell ING Life Korea for US$1.63bn
MBK Partners has reportedly attracted interest from Hanwha Life Insurance and Kyobo Life Insurance.
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- February 18 2016
K-Sure to provide US$160bn trade insurance in 2016
The announcement comes at a time when Korea's all-important exports have been faltering.
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- February 17 2016
Korea to fast-track claims for Kaeseong firms
Payments will be made within a month for companies affected by the closure of the North Korean industrial complex.
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- February 16 2016
Asia Capital Re taps Korean market
The Financial Services Commission is expected to decide on the application for preliminary approval on Wednesday.
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- February 15 2016
Korean firms post 13.3% earnings rise in 2015
The double-digit growth was attributed to increased non-operating profits and investment-related earnings.
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- February 5 2016
Korea regulator probes alleged premium cartel
Four mid-sized insurance firms are accused of colluding to increase car insurance premiums.
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- February 1 2016
Samsung Life buys US$1.27bn Samsung Card stake
The acquisition raises its stake in the credit card business to 71.8%, the two companies said in a disclosure.
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- January 28 2016
Hanwha Life targeting global expansion
The Korean insurer met with global leaders at Davos to discuss its plans for overseas growth.
