Samsung Fire & Marine Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/samsung-fire-marine/ Tue, 14 Oct 2025 12:32:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 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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]]> Long term, profitable lines to sustain Samsung Fire & Marine’s underwriting profitability: AM Best https://insuranceasianews.com/long-term-profitable-lines-to-sustain-underwriting-profitability-for-samsung-fire-marine-am-best/ Fri, 19 Sep 2025 06:00:57 +0000 https://insuranceasianews.com/?p=200364 Global rating agency affirms a financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (ICR) of aa+ (Superior) to Samsung Fire & Marine and its subsidiaries.

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Samsung Fire & Marine Insurance’s (SFM) long-term, profitable insurance lines will continue to help the South Korean insurer sustain its competitive edge ahead of its peers, AM Best said. 
This wi...

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]]> Midea Group founder takes 11.5% stake in Samsung P&C China: reports https://insuranceasianews.com/midea-group-founder-takes-11-5-stake-in-samsung-pc-china/ Tue, 09 Sep 2025 10:23:35 +0000 https://insuranceasianews.com/?p=199625 Acquisition from Yuxing Technology Development will make Foshan Shunde District Junlan Hotel Management the third-largest shareholder, pending regulatory approval.

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A hotel management company controlled by Midea Group founder He Xiangjian has purchased an 11.5% stake in Samsung Property & Casualty China, pending regulatory approval, according to multiple loca...

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]]> Samsung Fire & Marine’s H1 insurance profit down 16% at US$730m https://insuranceasianews.com/samsung-fire-marines-h1-insurance-profit-down-16-at-us730m/ Wed, 13 Aug 2025 09:49:02 +0000 https://insuranceasianews.com/?p=197496 South Korea’s largest carrier’s insurance revenue was up 9.4% to US$6.7bn, while reinsurance revenue increased by 89% to US$363m.

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Samsung Fire & Marine Insurance’s insurance profit for the first six months of year (H1 2024) fell by 16% year on year to KRW1 trillion (US$730 million), according to the company’s earnings report...

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The post Samsung Fire & Marine’s H1 insurance profit down 16% at US$730m appeared first on InsuranceAsia News.

]]> Samsung Re takes Gallagher Re’s Sie Liang Lau as head of cyber and casualty https://insuranceasianews.com/samsung-re-takes-gallagher-res-sie-liang-lau-as-head-of-cyber-and-casualty/ Mon, 23 Jun 2025 04:24:24 +0000 https://insuranceasianews.com/?p=193508 Singapore-based Lau will lead build out of the reinsurer's portfolios across APAC and MENA, while supporting Samsung Fire & Marine's global cyber insurance ambitions.

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Samsung Re, the reinsurance arm of Samsung Fire & Marine Insurance (SFMI), has appointed Sie Liang Lau as head underwriter for cyber and casualty, effective immediately.
Lau (pictured) will lead t...

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]]> Samsung Re takes Gallagher Re’s Sie Liang Lau as head of cyber and casualty https://insuranceasianews.com/samsung-re-takes-gallagher-res-sie-liang-lau-as-head-of-cyber-and-casualty/ Mon, 23 Jun 2025 04:24:24 +0000 https://insuranceasianews.com/?p=193508 Singapore-based Lau will lead build out of the reinsurer's portfolios across APAC and MENA, while supporting Samsung Fire & Marine's global cyber insurance ambitions.

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Samsung Re, the reinsurance arm of Samsung Fire & Marine Insurance (SFMI), has appointed Sie Liang Lau as head underwriter for cyber and casualty, effective immediately.
Lau (pictured) will lead t...

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The post Samsung Re takes Gallagher Re’s Sie Liang Lau as head of cyber and casualty appeared first on InsuranceAsia News.

]]> Korean insurers chalk out overseas expansion plans as domestic growth stalls: report https://insuranceasianews.com/korean-insurers-chalk-out-overseas-expansion-plans-as-domestic-growth-stalls-report/ Mon, 24 Mar 2025 07:41:01 +0000 https://insuranceasianews.com/?p=179306 Samsung Fire & Marine and Hyundai Marine & Fire are eyeing acquisitions and investements to grow their international footprint.

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South Korean insurers, including Samsung Fire & Marine Insurance and Hyundai Marine & Fire Insurance, are actively pursuing overseas expansion in various regions as domestic growth stalls, acc...

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]]> Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life https://insuranceasianews.com/regulators-approve-samsung-fire-marines-transition-to-subsidiary-of-samsung-life/ Thu, 20 Mar 2025 05:12:02 +0000 https://insuranceasianews.com/?p=179015 Non-life carrier will maintain independent management and have a separate board of directors.

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Korean regulators have approved the plan to make Samsung Fire & Marine Insurance a subsidiary of Samsung Life Insurance.
Local media reports indicate Samsung Fire & Marine would maintain indep...

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]]> Samsung Fire & Marine’s expects ‘no impact’ on profits, capital after rejig: report https://insuranceasianews.com/samsung-fire-marines-expects-no-impact-on-profits-capital-after-rejig-report/ Fri, 21 Feb 2025 05:48:39 +0000 https://insuranceasianews.com/?p=176883 Samsung Life is seeking to make the South Korean non-life insurer its subsidiary and clarified that it has no plans to expand its holdings.

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Samsung Fire & Marine Insurance's profitability and capitalisation will not be affected after it becomes a subsidiary of Samsung Life Insurance, said a Korea Herald report, which quoted Samsung Li...

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]]> Samsung Life seeks regulatory nod to incorporate group P&C arm as subsidiary: reports https://insuranceasianews.com/south-koreas-samsung-life-insurance-seeks-regulatory-nod-to-set-up-fire-marine-subsidiary-reports/ Fri, 14 Feb 2025 05:46:20 +0000 https://insuranceasianews.com/?p=176213 Insurer approaches Financial Services Commission over a potential incorporation of Samsung Fire & Marine Insurance, according to the Korea JoongAng Daily.

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Samsung Life Insurance has sought regulatory approval to incorporate Samsung Fire & Marine Insurance as a subsidiary following the P&C insurer’s proposed share buyback plan, according to a rep...

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The post Samsung Life seeks regulatory nod to incorporate group P&C arm as subsidiary: reports appeared first on InsuranceAsia News.

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