International : 4 branches (Singapore, Labuan, Dubai, Shanghai)
International : 4 subsidiaries (Hong Kong, London, Zurich, New Jersey)
International : 4 liaison offices (Beijing, Tokyo, London, Bogota)
3
1-2 International Network
Korean Re Underwriting, LTD.
London Liaison Office
Koreanre Insurance Services, Inc.
Head office
Korean Reinsurance Switzerland AG
Beijing Liaison Office
Shanghai Branch
Dubai Branch
Tokyo Liaison Office
Worldwide Insurance Services, LTD.
Labuan Branch
Bogota Liaison Office
Singapore Branch
Continuous expansion of international network to explore new market opportunities
New international operations : Shanghai branch(Jan. 2020), Bogota liaison office(Feb. 2020), New Jersey subsidiary(Sept. 2021)
An increase in profitable business from the USA which is the largest reinsurance market in the world and diversification of profit sources through brokerage are expected by the reinsurance intermediary
4
1-3 Global Reinsurers (2021 Gross Premiums)
(Unit : USD Bil.)
Ranking
Name
Gross
A.M. Best
S&P
Premiums
Credit Rating
Credit Rating
1
Munich Re (Germany)
45.8
A+
AA-
2
Swiss Re (Switzerland)
39.2
A+
AA-
3
Hannover Re (Germany)
31.4
A+
AA-
4
Canada Life Re (Canada)
23.5
A+
AA
5
SCOR (France)
19.9
A+
AA-
6
Berkshire Hathaway (USA)
19.9
A++
AA+
7
Lloyd's (UK)
19.3
A
A+
8
China Re (China)
17.8
A
A
9
RGA (USA)
13.3
A+
AA-
10
Everest Re (Bermuda)
9.1
A+
AA-
11
Partner Re (Bermuda)
8.2
A+
AA-
12
Renaissance Re (Bermuda)
7.8
A+
AA-
13
Korean Re (South Korea)
7.1
A
A
Source : A.M. best and S&P (September 2022)
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Korean Reinsurance Company published this content on 17 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2023 09:26:03 UTC.
Korean Reinsurance Co is a Korea-based company engaged in the reinsurance business. The Company provides non-life insurance and life insurance reinsurance services. Non-life insurance includes fire insurance, marine insurance, auto insurance, warranty insurance, special insurance, overseas accident insurance, long-term insurance, and pension insurance.