Colemont Global Group, the international division of wholesale insurance broker AmWINS Group, Inc., has acquired a majority share of CMK Insurance Brokers Company Limited.
CMK Insurance Brokers will operate under the trade name Colemont Korea Insurance Brokers Limited, according to the firm.
Terms of the transaction were not disclosed.
CMK Insurance Brokers is located in Seoul, and is led by Kyo-Joon Son. It specializes in insurance and reinsurance for the marine and construction industries.
Son will take over as managing director of Colemont Korea.
Source: AmWINS/Colemont
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Rational Market? How About ‘Dumb’ and ‘Bizarre’? 
Commercial Lines Rates Continue to Soften, Says Ivans Index 
GEICO Responds After Error Sent Cancellation Notices to Florida Drivers 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
