Korean Re to create Swiss subsidiary
Korean Reinsurance Company is set to establish a subsidiary in Switzerland, according to AM Best’s Jan. 16 Asia-Pacific newsletter.
The new unit is expected to start business in June 2019. The reinsurer wants to expand its reinsurance business in Europe as part of an overseas growth strategy.
In its “Vision 2050” the reinsurer set ambitious goals, aiming to become one of the top three reinsurers in the world.
In 2015, Korean Re entered the Lloyd’s market by establishing Korean Re Underwriting through a partnership with Beazley to drive its business growth in Europe.
Korean Re also established new branches in Labuan, Malaysia, in July 2017, and in Dubai in January, 2018. In China, the Shanghai unit is waiting for license approval, according to a November 2017 presentation.
Join us at Intelligent Automation in Insurance - London 2018. Book by Jan 31st and you could save £400.
More of today's news
Navigators in exclusive talks to sell fixed-premium P&I business
JLT Re appoints new CEO of Asia Pacific from Aon Benfield
Insurethebox founder launches new insurtech venture
Brit hires from Arch to expand US professional lines
Markel exec replaces LMA's property panel chair
Alleghany acquires Rockhill's environmental book
XL Group hires Bermuda compliance chief from ABIR
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze