Hyundai Marine & Fire

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Hyundai Marine & Fire’s medical indemnity exposure weighs on profitability as AM Best affirms ratings

June 22 2026

South Korean insurer reported a combined ratio of 96.8% in 2025 as medical indemnity and motor lines pressured underwriting performance.

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Korea launches marine war-risk pool for ships in the Strait of Hormuz

May 25 2026

The KRW300bn (US$197.5m) facility aims to ease costs and secure cover for smaller Korean shipping firms exposed to heightened Middle East risks.

South Korea’s FSS urges (re)insurers to strengthen risk management amid Middle East tensions

March 13 2026

The financial watchdog has also asked non-life (re)insurers if they have adequate war-risk reinsurance for marine coverage near the Strait of Hormuz.

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South Korean insurers eye India entry amid easing of FDI norms — Report

February 6 2026

Three South Korean insurers have held early stage discussions with Indian players, advisers, and the regulator, as they look to enter the US$130bn market.

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MG Non-Life contracts transferred to bridge insurer

September 5 2025

Around 1.22m policyholders will retain coverage as contracts move from MG Non-Life to Yebyeol Insurance, pending transfer to other major insurers.

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Hyundai Marine & Fire’s ratings affirmed with rate hikes balancing increased medical claims

July 18 2024

Strategic rate increases, efforts to improve medical indemnity loss ratio underscores AM Best's stable 'A' IFS rating for Korean insurer.

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Samsung Fire & Marine follows other Korean insurers by reducing motor rates amid rising cost of living pressures

February 7 2024

Heeding call from the government, Samsung F&M spearheads 2.8% cut, with industry peers having already cut between 2.5% to 2.6%

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25 September