Korean Reinsurance Company

AM Best Affirms Credit Ratings of Korean Reinsurance Company

Retrieved on: 
Friday, December 9, 2022
Insurance, Professional Services, Credit, AM Best, Sale, Communication, Risk management, ALL, KRE, AM, COVID-19, Korean Reinsurance Company, News, GWP, Insurance, Reinsurance

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Korean Reinsurance Company (KRE) (South Korea).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Korean Reinsurance Company (KRE) (South Korea).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Best’s Market Segment Report: Munich Re Retains Top Spot on AM Best’s Top 50 Ranking of Global Reinsurers

Retrieved on: 
Wednesday, August 17, 2022
Insurance, Professional Services, Movement, Swiss Re, Industry, AM, ALL, Life, Korean Reinsurance Company, The Hermitage Hotel, Research, AM Best, News, Insurance, Hermitage Hotel, CEST, USD, Munich Re, Reinsurance

Munich Reinsurance Company for a second-straight year holds the top spot in AM Bests annual ranking of the Top 50 Global Reinsurance groups in 2021, followed again by Swiss Re Ltd.

Key Points: 
  • Munich Reinsurance Company for a second-straight year holds the top spot in AM Bests annual ranking of the Top 50 Global Reinsurance groups in 2021, followed again by Swiss Re Ltd.
  • The two global reinsurers together account for 24.3% of top 50 reinsurance gross premiums written in 2021.
  • The ranking appears in the new Bests Market Segment Report, Worlds 50 Largest Reinsurers, and is part of AM Bests look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.
  • Rankings prior to 2021 had included primary premium that was less than 25% of a reinsurers total premium volume.

Life and Health Reinsurance Global Market Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Friday, June 24, 2022
Health Insurance, Professional Services, Health, Insurance, Geography, Life, HDFC Life, SCOR, COVID-19, Growth, Forecasting, Market share, Country, Swiss Re, Reinsurance Group of America, General Insurance Corporation of India, Risk, Great-West Lifeco, Organization, RGA, SCOR SE, Demography, Korean Reinsurance Company, Insurance, Retail, Dietary supplement, Lithium

The "Life And Health Reinsurance Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Life And Health Reinsurance Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • Life And Health Reinsurance Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global life and health reinsurance market as it emerges from the COVID-19 shut down.
  • The Life And Health Reinsurance market global report answers all these questions and many more.
  • It compares the life and health reinsurance market with other segments of the life and health reinsurance market by size and growth, historic and forecast
    5.1.

OdysseyRe Appoints Industry Veteran Michael Finnegan as Head of U.S. General Casualty

Retrieved on: 
Tuesday, May 3, 2022
Insurance, Professional Services, Odyssey, Head, Asia-Pacific, University, EMEA, General Casualty Insurance, Company, Liberty Mutual, Insurance, Fairfax Financial, CEO, Korean Reinsurance Company, Reinsurance, Financial services

Odyssey Reinsurance Company (OdysseyRe) today announced that Michael Finnegan has rejoined the Company as senior vice president and head of U.S. General Casualty treaty, succeeding Steve Van de Graaf, who is retiring after 27 years of service.

Key Points: 
  • Odyssey Reinsurance Company (OdysseyRe) today announced that Michael Finnegan has rejoined the Company as senior vice president and head of U.S. General Casualty treaty, succeeding Steve Van de Graaf, who is retiring after 27 years of service.
  • Mr. Finnegan had previously served as a vice president in OdysseyRes Casualty underwriting team from 2002 through 2007, and has more than 30 years of experience in the (re)insurance industry.
  • Mr. Quinn added, We are pleased to welcome Michael back to the OdysseyRe family.
  • OdysseyRe has a great team with an established portfolio, and I look forward to helping the casualty team reach even greater heights.

AM Best Affirms Credit Ratings of Korean Reinsurance Company

Retrieved on: 
Wednesday, December 8, 2021
Professional Services, Insurance, Finance, Income, Risk, Credit, News, Industry, ALL, AM, GPW, Insurance, COVID-19, Korean Reinsurance Company, KRE, AM Best, Risk management, C&S, Communication, Data, Reinsurance

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Korean Reinsurance Company (KRE) (South Korea).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Korean Reinsurance Company (KRE) (South Korea).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Global Life and Health Reinsurance Market Opportunities and Strategies to 2030 - ResearchAndMarkets.com

Retrieved on: 
Monday, November 8, 2021
Insurance, Professional Services, Adoption, Industry, Canada Life, Reinsurance, Swiss Re, SCOR, Korean Reinsurance Company, Health, CAGR, FORCE America, Inc., Insurance, Growth, COVID-19, Reinsurance Group of America, Acquisition, Solution, Great-West Lifeco, Life, Berkshire Hathaway, Pet, Financial services

The "Life and Health Reinsurance Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Life and Health Reinsurance Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
  • The life and health reinsurance market is segmented by type into facultative reinsurance and treaty reinsurance.
  • The treaty reinsurance market was the largest segment of the life and health reinsurance market segmented by type, accounting for 83.4% of the total in 2020.
  • The global life and health reinsurance market is high concentrated, with small number of large players constituting majority of the market.

EQS-News: Global property & casualty insurance premiums expected to more than double to USD 4.3 trillion by 2040, Swiss Re Institute forecasts

Retrieved on: 
Monday, September 6, 2021
Insurance, Actuarial science, Types of insurance, Reinsurance, General insurance, Liability insurance, Korean Reinsurance Company

Property insurance is forecast to become the fastest growing line of business.

Key Points: 
  • Property insurance is forecast to become the fastest growing line of business.
  • Motor, although its share is shrinking, is expected to remain the largest of all P&C lines, with premiums forecast to almost double by 2040.
  • Property insurance is forecast to grow by 5.3% annually with global insurance premiums rising to USD 1.3 trillion in 2040 from USD 450 billion in 2020.
  • Economic development will remain the key driver of rising property premiums, contributing 75%, or up to USD 616 billion of new premiums.

Best’s Market Segment Report: Munich Re Moves Into Top Spot in AM Best’s Top 50 Ranking of Global Reinsurers

Retrieved on: 
Wednesday, September 1, 2021
Professional Services, Insurance, Finance, Industry, Munich Re, Korean Reinsurance Company, Growth, Life, EDT, AM Best, Insurance, CEST, Swiss Re, ALL, United Kingdom, News, BST, AM, GPW, USD, Reinsurance

The ranking appears in a new Bests Market Segment Report, Global Reinsurance Outlook Remains Stable in a More Uncertain World, and is based on reinsurance gross premiums written.

Key Points: 
  • The ranking appears in a new Bests Market Segment Report, Global Reinsurance Outlook Remains Stable in a More Uncertain World, and is based on reinsurance gross premiums written.
  • To achieve greater precision in AM Bests annual ranking of leading global reinsurers, this years analysis included only year-end gross reinsurance premiums written, eliminating any primary premiums.
  • Prior rankings had included primary premium that was less than 25% of a reinsurers total premium volume.
  • These two global reinsurers together account 25.6% of top 50 GPW in 2020, down slightly from their combined total of 27.7% in 2019.

Life and Health Reinsurance Global Market Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Thursday, June 3, 2021
Insurance, Professional services, Reinsurance companies, Insurance companies, Insurance, Reinsurance Group of America, Hannover Re, Reinsurance, SCOR SE, Korean Reinsurance Company, Swiss Re, Munich Re, Gen Re, Asia Capital Reinsurance

The "Life and Health Reinsurance Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Life and Health Reinsurance Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
  • Major players in the life & health reinsurance market are Swiss Reinsurance Company Ltd; Munich Re Group; Reinsurance Group of America (RGA); SCOR SE; Hannover Re; China Reinsurance Corporation; Berkshire Hathaway Re; PartnerRe Ltd.; Korean Reinsurance Company; and Taiping Reinsurance Co.
  • The increasing demand for artificial intelligence in life & health reinsurance is an emerging trend in the life & health reinsurance market.
  • The life & health reinsurance market covered in this report is segmented by type into facultative reinsurance; treaty reinsurance.

Insights on the Global Reinsurance Providers Industry to 2030 - Understand How the Market is Being Affected by COVID-19 - ResearchAndMarkets.com

Retrieved on: 
Thursday, June 11, 2020
Insurance, Professional services, Insurance, Finance, Economy, Reinsurance companies, Actuarial science, Types of insurance, Reinsurance, Korean Reinsurance Company, Russian National Reinsurance Company

The global reinsurance providers market is expected to grow from $438 billion in 2019 to $438.9 billion in 2020 at a compound annual growth rate (CAGR) of 0.3%.

Key Points: 
  • The global reinsurance providers market is expected to grow from $438 billion in 2019 to $438.9 billion in 2020 at a compound annual growth rate (CAGR) of 0.3%.
  • Western Europe was the largest region in the global reinsurance providers market, accounting for 39% of the market in 2019.
  • Asia Pacific was the second largest region accounting for 28% of the global reinsurance providers market.
  • Reinsurance providers invest premiums collected from insurance providers to build up a portfolio of financial assets to be used against future claims.