Miller, the London-based specialist re/insurance broker, announced its further expansion into Asia with the launch of Miller Korea, led by David Kim as head of Korea. Miller Korea will focus on delivering global specialty expertise in the Korean market via …
Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Ltd., Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. “Korea is one of the largest commercial …
Some South Korean financial institutions may be at risk if bets on overseas property sour, the regulator warned, emphasizing that the likelihood of systemic stress is low. “For companies with large overseas real estate exposures, prudential concerns may emerge individually,” …
A gay couple won a lawsuit in South Korea granting them spousal coverage from the national health insurance program, an apparent first in the country that only legally recognizes marriage as between heterosexual couples. In its ruling, the Seoul High …
Top South Korean officials said a lack of proper crowd management was likely a factor behind a deadly surge of people that left at least 156 dead, with police faulted for not doing enough to heed warnings that masses were …
South Korean investigators combed footage on Monday from more than 50 state and private closed-circuit TV cameras as well as from social media looking for answers to how a surge in Halloween party-goers trapped in narrow alleys killed so many. …
South Korea is bracing for the strongest storm in the nation’s history with Super Typhoon Hinnamnor forecast to hammer its southern coastal areas next week. The worst of the typhoon is forecast Monday or Tuesday when the weather system is …
South Korean repair crews took advantage of a lull in torrential rainfall to drain flooded train stations and fix damages after one of the worst storms in over a century hit Seoul, killing at least nine people including two Chinese …
BMS, the UK independent specialist insurance and reinsurance broker, announced the acquisition of Seoul-based insurance broker, Value-add Insurance Broker (VIB). Financial terms of the transaction were not disclosed. As part of the acquisition, VIB will become BMS Korea, a newly-licensed …
Carrot General Insurance Corp., South Korea’s first digital-only insurance provider, announced that it has raised 100 billion won (US$88.7 million), which equals its founding capital raised in 2019. The Seoul-based digital non-life insurer was established through a joint partnership of …
