DB Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/db-insurance/ Thu, 04 Dec 2025 09:23:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Tiptree shareholders approve US$1.65bn Fortegra sale to South Korea’s DB Insurance https://insuranceasianews.com/tiptree-shareholders-approve-us1-65bn-fortegra-sale-to-south-koreas-db-insurance/ Thu, 04 Dec 2025 07:15:38 +0000 https://insuranceasianews.com/?p=206092 All-cash deal was approved at a special meeting on Wednesday. 

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Tiptree shareholders have approved the sale of US specialty insurer Fortegra to South Korea's DB Insurance, according to a press release.
The all-cash deal, reported to be around US$1.65 billion, was ...

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]]> Proxy advisory firms split over DB Insurance’s Fortegra acquisition https://insuranceasianews.com/proxy-advisory-firms-split-over-db-insurances-fortegra-acquisition/ Tue, 25 Nov 2025 03:37:16 +0000 https://insuranceasianews.com/?p=205301 Glass Lewis and Egan-Jones urge Tiptree shareholders to vote against the deal, while Institutional Shareholder Services has recommended that investors approve the acquisition during next month's vote.

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Proxy advisory firms have given contrasting advice to Tiptree shareholders ahead of next month's vote on the proposed acquisition of US specialty insurer Fortegra by South Korean carrier DB Insurance....

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]]> Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports https://insuranceasianews.com/hanwha-on-the-hook-as-lead-insurer-for-e-lands-south-korea-warehouse-fire-reports/ Mon, 17 Nov 2025 10:28:57 +0000 https://insuranceasianews.com/?p=204713 Hyundai Marine & Fire Insurance, DB Insurance, KB Insurance, and Heungkuk Fire & Marine Insurance are other co-insurers of the building, with total policy limits of around US$261m.

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Hanwha General Insurance is the lead insurer of E-Land Fashion’s logistics centre in South Korea, which was destroyed after a massive fire on Saturday, according to local media.
Hyundai Marine & F...

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The post Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports appeared first on InsuranceAsia News.

]]> DB Insurance’s Fortegra deal faces Tiptree shareholder opposition https://insuranceasianews.com/db-insurances-fortegra-deal-faces-shareholder-opposition/ Mon, 10 Nov 2025 14:40:57 +0000 https://insuranceasianews.com/?p=204288 Minority shareholder Veradace Partners has alleged that the US$1.65bn sale is at an 'inadquate valuation' and out of line with shareholders' interests.

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South Korean insurer DB Insurance’s acquisition of Fortegra, a US specialty insurer, is facing opposition from a minority shareholder.
Veradace Partners, a 5% shareholder of Fortegra owner Tiptree, ha...

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The post DB Insurance’s Fortegra deal faces Tiptree shareholder opposition appeared first on InsuranceAsia News.

]]> Lawmakers to question major Korean carriers over high disaster insurance premiums, margins: report https://insuranceasianews.com/lawmakers-to-question-major-korean-carriers-over-high-disaster-insurance-premiums-margins-report/ Tue, 14 Oct 2025 10:09:09 +0000 https://insuranceasianews.com/?p=201940 The National Assembly has summoned chief executives of Samsung Fire & Marine, DB Insurance, Hyundai Marine & Fire, KB Insurance, Hanwha General Insurance, Meritz Fire & Marine and NH NongHyup Property & Casualty Insurance.

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South Korea’s largest non-life insurers set to be questioned by lawmakers over high premiums and profit margins in government-backed disaster insurance programs.
The National Assembly’s Publi...

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]]> DB Insurance clinches US$1.65bn deal for US specialty carrier Fortegra https://insuranceasianews.com/db-insurance-clinches-us1-65bn-deal-for-us-specialty-carrier-fortegra-report/ Fri, 26 Sep 2025 02:37:47 +0000 https://insuranceasianews.com/?p=200739 The Korean insurer will acquire a 100% of the Warburg Pincus-backed Tiptree subsidiary.

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DB Insurance has signed an agreement to acquire 100% of the outstanding shares of US specialty carrier Fortegra for US$1.65 billion in the largest US market entry by a Korean non-life insurer, accordi...

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]]> DB Insurance profits hit by rising nat cat claims, rate cuts https://insuranceasianews.com/db-insurance-profits-hit-by-rising-nat-cat-claims-rate-cuts/ Fri, 15 Aug 2025 07:40:02 +0000 https://insuranceasianews.com/?p=197645 South Korean insurer's underwriting profit fell sharply in the first half as losses mounted from natural disasters.

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DB Insurance's net profit fell by 19.3% in the first half of 2025 as the South Korean insurer was impacted by rate reductions and rising cost of claims from natural catastrophes such as the wildfires ...

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]]> DB Insurance’s operating performance and capital remain strong despite unfavourable economy: AM Best https://insuranceasianews.com/db-insurances-operating-performance-and-capital-remain-strong-despite-unfavourable-economy-am-best/ Sun, 20 Jul 2025 22:00:37 +0000 https://insuranceasianews.com/?p=195618 Rating agency has affirmed the financial strength rating of A+ (superior) and the long-term issuer credit rating of “aa-” (superior) of the South Korean insurer.

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Operating performance of South Korea's DB Insurance (DBI) remains strong, underpinned by its underwriting performance, which outperforms its domestic peers, AM Best said.
This is demonstrated by the i...

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]]> South Korea’s DB Insurance leading the race for US insurer Fortegra: reports https://insuranceasianews.com/south-koreas-db-insurance-leading-the-race-for-us-insurer-fortegra-reports/ Wed, 02 Jul 2025 03:01:19 +0000 https://insuranceasianews.com/?p=194253 The approximately US$1.5 billion deal for the Florida-based specialty insurer is expected to be finalised by August.

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South Korea’s DB Insurance is in advanced talks to acquire US specialty insurer Fortegra in a deal that could be worth as much as KRW2 trillion (US$1.48 billion), local media reports said.
The non-lif...

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]]> DB Insurance underwriting profit up 4.5% to US$1.1bn https://insuranceasianews.com/db-insurance-underwriting-profit-up-4-5-to-us1-1bn/ Fri, 21 Feb 2025 09:15:51 +0000 https://insuranceasianews.com/?p=176932 Underwriting profit went up only because of the commercial line performance that saw a US$71m profit compared with US$85m loss last year.

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Korean insurer DB Insurance posted an underwriting profit of KRW1.62 trillion (US$1.1 billion) in FY24, representing a 4.5% increase compared with KRW1.55 trillion in the same period last year, accord...

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