K-Sure to provide US$160bn trade insurance in 2016
February 18 2016 by InsuranceAsia News-
Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
- March 13
The move will help lower financial burden for insurers, apart from raising their capital base.
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Meritz Fire & Marine withdraws offer to buy troubled MG Non-Life
- March 13
South Korean insurer could face liquidation as the Korea Deposit Insurance Corporation (KDIC) evaluates its options.
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KDIC recovers US$125m in public funds from Seoul Guarantee IPO
- March 10
The state-owned Korean Deposit Insurance Corporation sold 10% (6,982,160 shares) of its total issued shares (93.85%) through the listing of Seoul Guarantee, and is expected to sell the remaining equity to recover an additional US$3.4bn.
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Seoul Guarantee prices IPO at bottom end of range to raise US$124m
- March 5
KDIC-owned surety and credit insurer will offer shares at US$17.8 apiece and will start trading on March 14.
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