Country: South Korea Page 21 / 25
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- September 12 2016
Mirae Asset Life makes final bid for PCA Life
The Korean insurer has submitted its last bid for the unlisted arm of Britain's Prudential.
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- September 8 2016
AIA plans Korean subsidiary
The move is rumoured to be preparation for a potential exit from the sluggish Korean market.
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- September 5 2016
Hanwha Life interested in Woori Bank
The Korean life insurer is considering a stake in the country's only state-owned commercial bank.
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- September 1 2016
Anbang seeks approval to buy Allianz Korea
The Chinese insurer has already won regulatory approval from authorities in Beijing.
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- August 26 2016
Korean insurers’ RBC ratio continues to rise
Under local regulations, insurance companies are required to maintain risk-based capital ratios above 100%.
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- August 23 2016
Korea Deposit Insurance seeks Woori Bank buyers
The government is attempting to dispose of the controlling stake in the bank for the fifth time.
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- August 22 2016
Samsung Life to buy bigger stake in Samsung Securities
The Korean insurer is set to buy the 8% stake from its affiliate, Samsung Fire & Marine, it said in a statement.
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- August 12 2016
Korea’s life and non-life insurers suffer contrasting fates
Life firms have performed poorly because of the prolonged low-interest environment and economic slowdown.
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- August 5 2016
Mirae Asset eyes PCA Life acquisition
The deal is part of the midsize life insurer's plan to become one of Korea's top-five life insurers, outranking ING Life.
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- August 3 2016
Korean non-life profits recover in first half
The favourable performance has been credited to the easing of losses in the auto sector.
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- August 3 2016
Anbang’s plan to buy Allianz Korea still in limbo
The group hasn't applied for government approval, drawing speculation that the acquisition has stalled.
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- July 28 2016
Korea’s KDB Life struggles for buyers
There seems to be no takers so far for the insurance unit of state-owned lender Korea Development Bank.
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- July 25 2016
Korean insurers log record outbound investment
Low yields at home have driven increased overseas investment in a bid to generate higher returns.
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- July 22 2016
Korean policyholders spend US$3,000 on average on cover
Korea’s premium per person is 18th highest in the world according to Swiss Re.
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- July 13 2016
ING Life sale expected to drag on
JD Capital and PICC have emerged as the most aggressive preliminary bidders in the sale of the Korean insurer.
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- July 5 2016
Korean insurers’ assets to hit W1,000tn in H2
Growing demand for post-retirement products will boost assets under management sometime in the second half of 2016.
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- June 29 2016
Korea set to ease insurance regulations
To help insurers boost their financial standing, the government will lift limitations on investments.
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- June 24 2016
Korea’s insurance, pension assets hit new record in 2015
Savings have soared as more people increase their assets to prepare for retirement amid low interest rates.
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- June 22 2016
Restructuring to hurt Korean insurers in short term
Corporate restructuring initiated by the government may further hurt the capital soundness of domestic insurers.
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- June 15 2016
Korean Re hits new record-high profit
Banking on swelling demand, Korea’s sole reinsurer is confident of continued strong growth.
