#koreanre — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #koreanre, aggregated by home.social.
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South Korea’s non-life insurers, long plagued by annual reinsurance losses exceeding 1 trillion won, posted a surprise profit of 46.5 billion won ($34 million) in Q1 2025, driven by one-off claim recoveries and shifting market dynamics, though underlying deficits persist amid a global hard reinsurance market.
#YonhapInfomax #Reinsurance #SamsungFireAndMarine #KoreanRe #Q1Profit #HardMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68741 -
Korean Re reports strong Q1 performance with net profit up 42.6% to 90.6 billion won, surpassing market expectations despite major natural disasters, driven by diversified portfolio and improved underwriting
#YonhapInfomax #KoreanRe #Q1Earnings #NetProfit #Reinsurance #NaturalDisasters #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63420 -
Update: #KoreanRe, Asia's 2nd largest reinsurer, finally adopted a coal exit policy. Too bad the policy is riddled with loopholes.
Korean Re should look to its international peers, like Swiss Re, for recs on stronger restrictions.
https://www.reinsurancene.ws/korean-re-rules-out-cover-for-coal-mining-or-power-plant-construction/ #InsureOurFuture #Insurance