Reinsurance News
5th July 2019
Korean Reinsurance Company (Korean Re), the Seoul-based reinsurer, has announced that its recently established branch in Switzerland has obtained long-term issuer credit and financial strength ratings of ‘A’ from S&P Global Ratings. The Zurich-based subsidiary, called Korean Reinsurance Switzerland AG, was licenced to start reinsurance business from June 1, 2019. Korean ... Read the full article
17th May 2019
Korean Reinsurance Company (Korean Re), the Seoul-based reinsurer, has established a new branch in Zurich, Switzerland, as part of a push to expand into the European market. The subsidiary, called Korean Reinsurance Switzerland AG, is licenced to start reinsurance business from June 1, 2019, the company disclosed. It will be led by ... Read the full article
8th June 2018
South Korea’s financial authorities have decided to authorise new reinsurers in a move that could challenge the dominance of Korean Re, according to Business Korea. The Financial Supervisory Commission (FSC) announced that it would lower the barriers of entry to Korea’s reinsurance market in order to encourage new players and revitalise ... Read the full article
4th January 2018
The only reinsurance company from South Korea, Korean Re, is reportedly looking to open a branch in Switzerland, as the company looks to grow into the European market. Korean Re already has a base at Lloyd's of London, but the new Swiss hub, which is expected to be established in Zurich, ... Read the full article
8th August 2017
Fitch Ratings expects the Asian bond market to gain traction in the near to medium term as the persistent low-interest rate environment fuels reinsurers in the region to look at debt capital over equity funding. The majority of reinsurance companies across Asia are equity-funded, but in a low-interest rate environment, which ... Read the full article
28th February 2017
Reinsurers Korean Re and IRB Brasil Re have announced that the pair signed a memorandum of understanding (MOU) on February 24th, 2017 in Rio de Janeiro. Korean Re President Won Jong-gyu and IRB Brasil Re President Tarcisio Godoy met at Brasil Re’s headquarters in Rio to sign the MOU, ... Read the full article
