Korean woes
April 22 2016 by Nick Ferguson
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Korea carriers plan to lower motor premiums could impact loss ratios: report
- November 28
A US$773m financial aid package announced by President Yoon Suk Yeol to be rolled out by life and non-life insurers for helping small and medium-sized enterprises will see motor cover rates slashed by 3%.
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Meritz Fire & Marine Insurance appoints new CEO amid leadership reshuffle
- November 23
Kim Joong Hyun has been appointed chief executive of the Korean carrier while the incumbent CEO Kim Yong Beom steps down to oversee the group’s overall financing.
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Volante takes China Re’s Liu Song as treaty director
- November 21
Singapore-based Song will be the Lloyd's player's portfolio director responsible for treaty business in South-East Asia, Greater China, and South Korea.
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Carrot Insurance plans to raise US$230m by next year: report
- November 16
The Hanwha Group-backed Korean digital insurer is seeking to secure funds through a paid-in capital increase allocated to shareholders and is aimed for better capital adequacy and investment funds.
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Capital Consulting International seeks to expand into new markets and double its APAC presence
The consultant is exploring potential acquisitions in Australia and New Zealand, and expanding its footprint in South-East Asia, Korea and Japan.
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Peak Re | From cybercrime to mental well-being: evolving needs of emerging Asia
Managing these daunting risks will require a multi-stakeholder approach to risk identification, financing and mitigation.
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AXA XL | Battery-powered ships: Moving from the drawing board to the seas
Electric ferries are increasing in popularity but there is plenty of work ahead to move away from ships using heavy diesel oil.
