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Non-Life14 Oct 2026

South Korea:Shinhan Financial Group to acquire Lotte Non-Life Insurance

By Jimmy John | 14 Oct 2026

South Korea Specialty Motor Marine Life & Health Liability Pensions & Annuities Property & Casualty Employee Benefits

Shinhan Financial Group has signed a stock purchase contract to acquire a 77.04% stake in Lotte Non-Life Insurance from JKL Partners for KRW693.3bn ($515m), marking a major move to expand its non-banking portfolio and elevate its standing in South Korea's non-life insurance sector.

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South Korea:Shinhan Financial Group to acquire Lotte Non-Life Insurance

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South Korea:Shinhan Financial Group to acquire Lotte Non-Life Insurance

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