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Wednesday, July 29, 2026

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South Korea

woori-financial-finalises-tongyang-life-abl-life-acquisitions-as-firm-eyes-financial-rebound-reports
Woori Financial finalises Tongyang Life, ABL Life acquisitions
July 3 2025
The deal, valued at KRW1.55tn (US$1.14bn), came through following nearly 10 months of rigorous regulatory reviews.
authorities-to-again-pursue-sale-of-mg-non-life-insurance-after-policy-reversal-reports
Authorities to again pursue sale of MG Non-Life Insurance after policy reversal: Reports
July 2 2025
Decision comes weeks after regulators announced plans to liquidate the insurer through a bridge insurance mechanism.
_hanwha-life-seals-investment-in-indonesias-nobu-bank-reports
Hanwha Life seals 40% stake acquisition in Indonesia's Nobu Bank
July 1 2025
With its investment in Nobu Bank, Hanwha Life becomes the first Korean insurer to enter the country's commercial banking market.
everest-insurance-establishes-korea-desk-names-brian-jee-as-lead
Everest Insurance establishes Korea Desk, names Brian Jee as Head
June 25 2025
Jee will also serve as Senior Financial Underwriter at the Korea Desk.
korean-insurers-face-capital-strain-but-stable-profits-expected-in-2025-fitch
Korean insurers face capital strain but stable profits expected to continue in 2025: Fitch
June 25 2025
Regulatory changes and falling interest rates are prompting Korean insurers to adjust their capital management strategies.
AsianFamilyPlayingWithSiberianHuskyDogTogether
South Korea's first fully-licensed pet insurer to launch in July
June 16 2025
MyBrown will offer small-sum, short-term insurance products.
korea-lowers-capital-adequacy-threshold-to-130
Korea lowers recommended capital adequacy ratio to 130%
June 12 2025
The FSC did not announce changes to the mandatory core capital requirement but said discussions will follow in the second half of the year.
kfincos-rising-policy-role-in-south-koreas-construction-sector-prompts-fitch-upgrade
KFINCO’s rising policy role in South Korea’s construction sector prompts Fitch upgrade
June 10 2025
New A+ rating reflects construction guarantee insurer's strong capital position and key policy role, Fitch says.
south-koreas-non-life-insurers-see-stable-growth-amid-growing-capital-strains-am-best
Regulatory changes and interest rate shifts test South Korea’s non-life insurers: AM Best
June 5 2025
Ratings agency maintains stable outlook for the sector, with long-term insurance and steady investment helping to offset changing capital pressures.
gallagher-re-appoints-chulmin-jang-as-korea-ceo
Gallagher Re appoints Chulmin Jang as Korea CEO
May 28 2025
Jang brings extensive experience and joins from Aon Re to take on the new role.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August