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Mitsui Sumitomo enters Singapore health insurance via local stake

    Japan firm eyes expansion into Indonesia and Vietnam markets

    NATSUMI IWATA | Nikkei | September 6, 2024

    TOKYO — Japan’s Mitsui Sumitomo Insurance will begin marketing health insurance products in Singapore from October through an investment in local insurance company Serenity Health Partners, with plans to expand into Indonesia and Vietnam from next year on.Read More »Mitsui Sumitomo enters Singapore health insurance via local stake

    Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia

      The acquisition is expected to bolster Woori’s non-banking sector via synergy with Woori Investment & Securities

      By Jun-Ho Cha | The Korea Economic Daily | August 28, 2024

      Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, said on Wednesday it has signed a deal to acquire Tongyang Life Insurance Co. and ABL Life Insurance Co. from China’s Dajia Insurance Group Co. for 1.55 trillion won ($1.16 billion) to bolster its non-banking business.Read More »Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia

      Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

        By Jun-Ho Cha, Seok-Cheol Choi and Jae-Won Park | The Korea Economic Daily | June 26,2024

        Woori to buy Tongyang, ABL, not to bid on Lotte Insurance, dampening other insurers’ hopes to sell their stakes to the group

        Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance Group Co.’s insurers in Korea for up to an estimated $2.2 billion to strengthen its non-banking businesses.Read More »Woori to buy Dajia’s insurers in Korea for up to $2.2 bn