Country: South Korea Page 28 / 28
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- June 12 2015
Anbang Insurance’s US$1bn acquisition of Tong Yang Life approved
Approval issued despite concerns over reciprocity.
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- June 3 2015
Samsung Life Insurance eyes acquisition in the Philippines
Growing economy, low insurance penetration rate, and large population seen as factors.
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- May 25 2015
South Korea’s Mirae Asset Life eyes US$460m in IPO
Mirae will sell 5.4 million existing shares and issue 40 million new shares for the IPO.
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- May 19 2015
South Korea to launch online insurance supermarket
Website will initially focus on car insurance, health cost coverage insurance and savings insurance.
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- May 13 2015
S Korea’s Dongbu Insurance enters market in Myanmar
South Korean insurer to offer non-life insurance services with the opening of office in Yangon.
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- May 9 2015
Australia’s Honan Insurance acquires Singapore’s MACS
General Insurance and Employee Benefits broker in South East Asia acquired for an undisclosed amount.
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- May 5 2015
10 South Korean life insurance firms offering poorly written contracts
Contracts assessed based on clarity, brevity and comprehensibility.
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- April 23 2015
Korea plans to allow insurers in combo stores
Combo stores allowed to provide all types of financial products under the FSC plan.
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- April 19 2015
Korea moves to prevent state trade insurance fraud
The move is aimed at preventing companies from securing trade insurance using false trade reports.
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- April 19 2015
Korea’s Mirae Asset Life Insurance to launch IPO
Life Insurer looking to raise up to KRW500bn (US$459m) according to reports.
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- March 19 2015
South Korea’s insurance firms lead rise in debt holdings in 2014
Increase in debt holdings was attributed to the record fall of local yields.
