News Reinsurance30 May 2018

South Korea:Local reinsurer posts strong underwriting gains despite Nat CAT losses

30 May 2018

Korean Reinsurance (Korean Re) has delivered strong underwriting results for 2017 despite a series of large loss events in the second half of the year. Its underwriting income last year surged by 59% to KRW82 billion ($76 million), the second highest on record, on the back of strict underwriting discipline and portfolio readjustment.

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