Korean Re consolidates its presence in Europe

Korean Re, already endowed with a subsidiary in London, plans to open a new entity in Zurich. This establishment, also set up as a branch, will ensure progress of the European business of the South Korean reinsurer after Brexit.

The Swiss branch is poised to start operations in June 2019. Its ambition is to exceed current European turnover set at 200 million USD to more than 300 million USD by 2025.

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