Construction Guarantee - Korea Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/construction-guarantee-korea/ Mon, 20 Oct 2025 07:26:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Industry review, new corporate info drive Fitch upgrade for Construction Guarantee https://insuranceasianews.com/industry-review-new-corporate-info-drive-fitch-upgrade-for-construction-guarantee/ Mon, 20 Oct 2025 07:20:35 +0000 https://insuranceasianews.com/?p=202321 While the rating agency expects CG’s capital strength to remain stable, COR rose to 126% in 2024 from 68% in 2022, driven by higher guarantee claims and additional reserves amid economic strain, high interest rates and rising construction costs.

The post Industry review, new corporate info drive Fitch upgrade for Construction Guarantee appeared first on InsuranceAsia News.

]]>

Fitch Ratings has upgraded South Korea’s Construction Guarantee (CG) to ‘A+’ (strong) from ‘A’, citing its very strong capitalisation, resilient financial performance, and enhanced policy significance...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Industry review, new corporate info drive Fitch upgrade for Construction Guarantee appeared first on InsuranceAsia News.

]]> Construction Guarantee’s underwriting losses to continue for the short to medium term: AM Best https://insuranceasianews.com/construction-guarantees-underwriting-losses-to-continue-for-the-short-to-medium-term-am-best/ Mon, 28 Jul 2025 04:35:32 +0000 https://insuranceasianews.com/?p=196204 Korean insurer has reported two consecutive years of underwriting losses in 2023 and 2024, as well as another loss in H1 2025.

The post Construction Guarantee’s underwriting losses to continue for the short to medium term: AM Best appeared first on InsuranceAsia News.

]]>

Global rating agency AM Best has downgraded Korean insurer Construction Guarantee Cooperative’s (CG) financial rating to A (excellent) from A+ (superior), citing sustained underwriting losses and the ...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Construction Guarantee’s underwriting losses to continue for the short to medium term: AM Best appeared first on InsuranceAsia News.

]]> South Korea’s Construction Guarantee faces stress from growing claims, 2023 COR at 125.36%: Fitch https://insuranceasianews.com/south-koreas-construction-guarantee-face-stress-from-growing-claims-2023-cor-at-125-36-fitch/ Tue, 29 Oct 2024 05:37:18 +0000 https://insuranceasianews.com/?p=165726 The ratings agency has affirmed the cooperative surety insurer's financial strength rating at A (strong), with a stable outlook.

The post South Korea’s Construction Guarantee faces stress from growing claims, 2023 COR at 125.36%: Fitch appeared first on InsuranceAsia News.

]]>

South Korean surety underwriter Construction Guarantee Cooperative’s (CG) underwriting performance is expected to fall with the increase in guarantee claims paid in 2023 and 2024, according to Fitch R...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post South Korea’s Construction Guarantee faces stress from growing claims, 2023 COR at 125.36%: Fitch appeared first on InsuranceAsia News.

]]> South Korea’s Construction Guarantee members facing liquidity pressure: AM Best https://insuranceasianews.com/south-koreas-construction-guarantee-members-facing-liquidity-pressure-am-best/ Mon, 21 Oct 2024 01:00:15 +0000 https://insuranceasianews.com/?p=165199 The rating agency has downgraded the surety underwriter's outlook to negative from stable while affirming its rating at A+ (superior).

The post South Korea’s Construction Guarantee members facing liquidity pressure: AM Best appeared first on InsuranceAsia News.

]]>

Some members of the South Korean surety underwriter Construction Guarantee Cooperative (CG) are facing liquidity pressures due to unfavourable conditions in the domestic construction sector, AM Best s...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post South Korea’s Construction Guarantee members facing liquidity pressure: AM Best appeared first on InsuranceAsia News.

]]> Fitch cuts Construction Guarantee’s outlook to stable on member firm’s debt woes https://insuranceasianews.com/fitch-cuts-construction-guarantees-outlook-to-stable-on-member-firms-debt-woes/ Tue, 05 Mar 2024 09:52:00 +0000 https://insuranceasianews.com/?p=147890 The rating agency has maintained its "A" rating due in part to its strong underwriting performance. Its combined ratio averaged 62% during FY 2020-2022.

The post Fitch cuts Construction Guarantee’s outlook to stable on member firm’s debt woes appeared first on InsuranceAsia News.

]]>

South Korea's surety underwriter Construction Guarantee’s rating outlook has been downgraded to stable, from positive, after one of its member firms Taeyoung Engineering & Construction reported a ...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Fitch cuts Construction Guarantee’s outlook to stable on member firm’s debt woes appeared first on InsuranceAsia News.

]]> Korean carrier Construction Guarantee’s rating outlook revised to positive on strong underwriting performance: Fitch https://insuranceasianews.com/korean-carrier-construction-guarantees-rating-outlook-revised-to-positive-on-strong-underwriting-performance-fitch/ Tue, 14 Nov 2023 08:42:14 +0000 https://insuranceasianews.com/?p=138308 The rating agency assigned an insurer rating of 'A' (strong) and said the company will maintain its underwriting returns and capital position in FY 2023 .

The post Korean carrier Construction Guarantee’s rating outlook revised to positive on strong underwriting performance: Fitch appeared first on InsuranceAsia News.

]]>

Korean insurer Construction Guarantee (CG) will maintain its strong underwriting performance and capital position in FY 2023, Fitch Ratings said. The company reported an average combined ratio of 62% ...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Korean carrier Construction Guarantee’s rating outlook revised to positive on strong underwriting performance: Fitch appeared first on InsuranceAsia News.

]]>