South Korea braces for Trump tariffs with US$69bn trade insurance support: report
January 20 2025 by Mithun Varkey
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Any port in a storm: Trump’s US port fee threat rocks the boat, but what does it mean for insurers?
- March 26
Proposed US$1.5m levy per port call for ships with Chinese ties adds a layer of complexity for shipowners, charterers, and cargo interests.
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Wongi Kim to succeed Andy Ryoo as Allianz Trade’s South Korea country manager
- March 25
Ryoo, who has worked at the trade insurer for 22 years, is retiring.
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APAC business insolvencies to grow by 5% in 2025: Allianz Trade
- March 18
Taiwan (+8%), South Korea (+3%) and Hong Kong (+2%) will see insolvencies continue to rise in 2025 due to weaker external demand and lagging effects of prolonged high interest rates.
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Seoul Guarantee shares rally 23% on Kospi debut
- March 17
Insurer also confirms a 2024 year-end dividend of US$138m for investors holding shares through April.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
