South Korea’s P&C sector set for 2020 decline: report
May 20 2020 by Yvonne Lau
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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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Hyundai Insurance’s FY24 underwriting income slumps 22% to US$245m
- February 21
Commercial business' underwriting income more than doubles, while long-term lines grow by 247.6%.
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DB Insurance underwriting profit up 4.5% to US$1.1bn
- February 21
Underwriting profit went up only because of the commercial line performance that saw a US$71m profit compared with US$85m loss last year.
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Allianz Life Malaysia | 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.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
