Korean Re

Ample capacity to weigh on APAC reinsurance pricing through 2026 – Fitch

September 3 2026

Reinsurers are trimming weaker-performing lines as competition intensifies across the region.

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Munich Re regains top spot in AM Best reinsurer rankings as APAC groups reshuffle

August 19 2026

A stronger euro helped the German reinsurer overtake Swiss Re, while Peak Re climbed to 12th on revenue growth and Korean Re slipped to eighth.

south-korean-insurers-to-jointly-underwrite-war-risk-cover-for-ships-in-strait-of-hormuz

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-readies-insurance-liquidity-support-for-shipping-amid-middle-east-crisis-report

South Korea moves to cut marine reinsurance rates, set up state-backed pool amid Middle East conflict — Report

May 4 2026

Korean Re and peers face pressure to cut commissions as gaps in maritime cover widen

Korean Re undercuts global rivals on war-risk marine coverage rates amid Middle East conflict — report

March 25 2026

The Asian reinsurer is capitalising on surging war-risk demand to reclaim ground lost to overseas competitors.

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.

am-best-affirms-korean-re-ratings-as-portfolio-restructuring-lower-catastrophe-exposure-support-earnings

AM Best affirms Korean Re ratings as portfolio restructuring, lower cat exposure back earnings

December 15 2025

The reinsurer reported a 9.4% return on equity and a 91.5% net combined ratio in 2024.

Korean Re secures approval to open new branch in India’s GIFT City

November 28 2025

The reinsurer plans to commence branch operations in April 2026 following authorisation from India’s financial services regulator.

sampp-sees-stable-profitability-for-korean-re-despite-growing-nat-cat-risks

Korean Re gets S&P ratings upgrade on stable profitability and growth outlook

July 30 2025

S&P cited Korean Re’s strong underwriting results and enhanced capital adequacy under K-IFRS 17 as contributing factors.

AM Best upgrades Korean Re's ICR rating, citing improved balance sheet strength

December 13 2024

Increased available capital, continued profit retention, and reduced underwriting risk underline ratings upgrade.

Korean Re sees long-term issuer credit rating upgrade

December 11 2023

AM Best expects balance sheet strength to improve following underwriting portfolio restructure and increased capital from hybrid bond issuance.

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Korean Re breaks into world’s top ten life reinsurers

August 24 2023

AM Best's latest global reinsurance rankings saw China Re slip two places when measured by life and non-life GWP, while the Asia region's combined ratio continues to hover above 100%.

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25 September