Korean Re ranks 10th highest in 2020 premium income

The S.Korea reinsurarer’s premiums stood at $7.78b last year.

The South Korean reinsurer, Korean Reinsurance Co, has ranked 10th highest in the world when it comes to premiums.

In A.M. Best’s rankings, Korean Re's reinsurance premiums stood at $7.78b last year.

This was an improvement from the reinsurers 11th ranking in 2019.

Korean Re reported a strong underwriting performance for the first half of 2021 of 82.3% to $35.6m (KR₩41.2b) and net income growth of 1.8% to $100m (KR₩120.3b).