Country: South Korea Page 23 / 25
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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.
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- January 27 2016
Chubb names country heads for HK, Singapore, Korea
The announcement is part of a re-branding after the acquisition by ACE, which closed this month.
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- January 25 2016
Korea ready to ink US$2bn insurance deal with Iran
The deal follows the removal of Iranian sanctions by the US and other western nations.
