Korean Reinsurance Company - Company Capsule by ICDResearch

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									Korean Reinsurance Company

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Korean Reinsurance Company - Company
Capsule

Reference Code: FS0080CC
Published Date: April 2011




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Korean Reinsurance Company - Company Capsule                                        Page 1
Korean Reinsurance Company

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Korean Reinsurance Company - Company Overview

Korean Reinsurance Company (Korean Re) is the world’s 12th largest reinsurance firm and the largest company in Asia,
in terms of gross premiums. The company is principally engaged in broad spectrum of non-life reinsurance and life
reinsurance business activities. The company's product portfolio consists of fire and engineering, marine and aviation,
casualty, long-term, motor, life, and overseas inward insurance products. The company also provides investment
consulting services through its wholly owned subsidiary, KoreanRe Investment Advisory Company. Korean Re currently
has one domestic affiliated company and three overseas affiliated firms in Malaysia, Indonesia, and Thailand. It operates
a branch in Singapore, one locally incorporated company in Hong Kong and five liaison offices located in New York,
London, Tokyo, Beijing, and Dubai. The company is headquartered in Seoul, South Korea.


Financial Performance

The company reported revenue of JPY 3,491,592.61 million during the fiscal year ended 2009. The company's revenue
grew at a CAGR of 7.73% during the period 2007-2009 with a year on year growth of 1.83% over fiscal year 2008. During
the fiscal year 2009 its operating margin was 3.52% as against the operating margin of 2.33% in fiscal year 2008. During
the fiscal year 2009 the company registered a net margin of 2.26% as against the net margin of 1.77% in the fiscal year
2008.




Korean Reinsurance Company - Key Facts

Korean Reinsurance Company, Key Facts

                                  80 Susong-Dong, Seoul, , 110-
                                                                    Ticker Symbol, Stock
Corporate Address:                140, Republic of Korea
                                                                                                003690 (Korea Stock Exchange)
                                                                    Exchange



Telephone                          + 82 2 37026000                  No. of Employees            258



Fax                                + 82 2 7393754                   Financial Year End          March



URL                               www.koreanre.co.kr                Revenue (in KRW Million)    3,491,592.61



Industry                          Financial Services                Revenue (in USD Million)    2,729.77


                                  China, Hong Kong Special Administrative Region of China, Japan, Republic of Korea, Singapore,
Locations
                                  United Kingdom, United Arab Emirates, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Korean Reinsurance Company - Company Capsule                                                                           Page 2
Korean Reinsurance Company

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Korean Reinsurance Company - Major Products and Services

Korean Reinsurance Company is engaged in providing non-life reinsurance and life reinsurance services. The company's
key products include the following:

Korean Reinsurance Company, Major Products and Services
Products:

Annuities

Automobile insurance

Casualty insurance

Fire insurance

Guaranteed insurance

Life insurance

Long-term insurance

Marine insurance

Overseas accident insurance

Overseas direct insurance

Retirement insurance
Source: Annual Report, Company Website, Primary and Secondary Research




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Korean Reinsurance Company - Company Capsule                                                                 Page 3
Korean Reinsurance Company

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Korean Reinsurance Company - Key Competitors

The following companies are the major competitors of Korean Reinsurance Company:

PartnerRe Ltd.

RGA Reinsurance Company

Montpelier Re Holdings Ltd.

Tokio Marine & Nichido Fire Insurance Co., Ltd.

RenaissanceRe Holdings Ltd.




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Korean Reinsurance Company

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Korean Reinsurance Company - Key Employees


Korean Reinsurance Company, Key Employees


          Name                             Job Title                      Board Level   Since   Age


Chang-soo Chung            Managing Director, Director              Executive Board


Doo-sup Choung             Managing Director, Director, President Executive Board


Doo-sup Choung             Managing Director, Director, President Senior Management


Hyuk-hee Won               Chairman                                 Executive Board


Jeong-dae Kim              Director                                 Executive Board


Jong-il Baek               Managing Director                        Executive Board


Jong-il Baek               Managing Director                        Senior Management


Jong-won Park              Director, Chief Executive Officer        Executive Board


Nam-deuk Chun              Managing Director, Director              Executive Board


Young-soo Choi             Standing Auditor                         Senior Management

Source: Annual Report, Company Website, Primary and Secondary Research




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Korean Reinsurance Company - Company Capsule                                                      Page 5
Korean Reinsurance Company

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Korean Reinsurance Company - Locations and Subsidiaries

Head Office

Korean Reinsurance Company
80 Susong-Dong
Seoul
Zip: 110-140
Republic of Korea
Tel: + 82 2 37026000
Fax: + 82 2 7393754



Other Locations & Subsidiaries

Korean Reinsurance Company, Subsidiaries

Korean Insurance Company (UK), Ltd                                  KoreanRe Investment Advisory Company
International House,1st St                                          6/F Korean Teacher’s Credit
London                                                              Seoul
Zip: E1W                                                            Zip: 150-704
United Kingdom                                                      Republic of Korea
Tel: + 44 22 72650031                                               Tel: + 82 2 7836241
                                                                    Fax: + 82 2 7836242


Worldwide Insurance Service Ltd
903 A, Great Eagle Centre
Wanchai
Hong Kong Special Administrative Region of China
Tel: + 852 28773117


Source: Annual Report, Company Website, Primary and Secondar
								
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