Korean Re reports strong Q1 performance with net profit up 42.6% to 90.6 billion won, surpassing market expectations despite major natural disasters, driven by diversified portfolio and improved underwriting
#YonhapInfomax #KoreanRe #Q1Earnings #NetProfit #Reinsurance #NaturalDisasters #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63420

Update: #KoreanRe, Asia's 2nd largest reinsurer, finally adopted a coal exit policy. Too bad the policy is riddled with loopholes.

Korean Re should look to its international peers, like Swiss Re, for recs on stronger restrictions.
https://www.reinsurancene.ws/korean-re-rules-out-cover-for-coal-mining-or-power-plant-construction/ #InsureOurFuture #Insurance

#KoreanRe, the world's 13th biggest reinsurer, finally adopted a coal exit policy. Unfortunately the policy has so many loopholes it needs serious improvements to meet international standards. Read the critique by our Korean partner Solutions For Our Climate at https://global.insure-our-future.com/south-koreas-only-reinsurer-announces-to-drop-new-coal-but-with-loopholes/