KDB scraps deal to sell life insurance arm to JC Partners
Korea Development Bank (KDB) has called off the plans to sell its life insurance subsidiary to private equity firm JC…
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Shinhan Financial Group buys non-life business of BNP Paribas Cardif
Shinhan Financial Group has reportedly signed an agreement to acquire BNP Paribas Cardif General Insurance in South Korea. As per…
BMS bolsters Asian presence with acquisition of Seoul-based VIB
UK-based specialist insurance and reinsurance broker BMS has acquired South Korea’s Value-add Insurance Broker (VIB) for an undisclosed sum. VIB…
Chubb to acquire Cigna’s Asia-Pacific businesses for $5.75bn
Insurance giant Chubb has signed a definitive agreement to acquire the life and non-life insurance businesses of Cigna for $5.75bn…
Carrot General Insurance raises $88.7m through rights offering
South Korea-based digital-only insurance provider Carrot General Insurance has announced the raise of $88.7m through its rights offering. Hanhwa, SK…
Cigna looking to enter South Korea’s digital non-life insurance industry
American insurance major Cigna is reportedly planning to establish a digital non-life insurance unit in South Korea. Cigna will self-fund…
insurtech bolttech ties up with LG U+ to foray into South Korea
Singapore-based insurtech group bolttech has entered South Korea market by launching its partnership with South Korean telecommunications carriers LG U+.…
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JC Partners again defers KDB Life acquisition
JC Partners is facing growing concerns over its bid to acquire Korea Development Bank (KDB)’s life insurance arm KDB Life…
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