Korean Re reinsurance, Latin American markets in earnest ... IRB and signed MOU

[Korea gimmingyeong financial newspaper reporter] Korean Re reinsurance had signed an IRB Brasil Re (hereinafter IRB) and the Memorandum of Understanding (MOU) to strengthen the larger Latin American market growth potential.

Korean Re wonjonggyu president met with 24 days last month's IRB Please follow in the IRB headquarters in Rio de Janeiro, Brazil Godoy (Tarcisio Godoy) president Jose Carlos Cartier and even cattle (Jose Carlos Cardoso) Business Chief Executive Officer signed the MOU.

In the wake of this MOU with Korean Re it is planning to strengthen cooperation in trade, including activating and future IRB side, and further sets out to expand enter Latin American markets.

Through the MOU the two companies were to cooperate closely in Brazil and Argentina quantity argument, and the Southern Common chujinkiro bright future, including life insurance, property insurance. Also actively negotiated key exchange market information through a mutual personnel exchanges between underwriter.

Founded in 1939, the IRB is recorded about 50% market share in Brazil and the Brazilian reinsurance captive in one place, it occupies an important position in the Latin American market. Premium income amounts to about $ 1.1 billion (based on 2015 premium income).

Latin America is a place to receive insurance penetration is relatively low rating, while a large range of insurance market growth potential of the Company in accordance with the economic development.

Wonjonggyu president explained, "The MOU signing is that overcomes the limitations of domestic growth, and right off close to both companies aim to expand overseas," and said, "We will maximize synergies through future reinsurance mutual trade".

In particular, he said wonjonggyu president of the significance of the MOU signed "Above all, greater harvest in that it secured the foundation of acquisitions and local co-major partner in the Latin American market."

Korean Re has a bar which has accelerated the 'Vision 2050' overseas expansion after the announcement containing the map of the future company growth in 2014. Accordingly, after having succeeded in the past three years, entering Lloyd's of London, and actively try to install in Shanghai, China, Labuan, Dubai Branch.

Korean Re reinsurance has been trying to expand in Latin America is entering a large market potential for growth. It currently acquired the reinsurance contract size of about $ 80 million in Latin American markets, expanding trade and steadily built up the IRB, and was able to achieve this MOU with a trust relationship.

Korean Re's reinsurance plans to naemyeo more speed overseas expansion of the MOU and the opportunity to realize the IRB side 'Vision 2050'.



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Samjung KPMG · Trade Association, the American government usually trump policy responses seminars

[Korea goyounghun financial newspaper reporter] Samjung KPMG, said March 07 that 27 days held a seminar in collaboration with Samsung-dong Trade Tower to the Korea International Trade Association, US trade policy measures of change and now we 'theme coming.

The US Environmental changes, such as increased protection of normal trade with the United States Trump administration launched apseun preference shares are expected. As the recent notice also announced the establishment of the US tax reform of our corporate response system for the trade policy changes affecting the major industries in Korea, including US direct investment in environmental change and steel, automotive industry has emerged.

South Korea accounted for 13.4% of total exports to $ 665 billion last year, US exports. Exports to the public aggregate 25.1% of total exports to $ 124.4 billion, and has been acting as an export-oriented economy, with the industry and South Korea trade protectionism in the United States, we now have enhanced threat.

In this seminar, KPMG after the United States and South Korea of ​​detergent and international trade specialist and trade cooperation presenter representative of Korea International Trade Association, have time to look for American trade policy into a successful company and we usually risk response strategies.

Yimihyeon Korea International Trade Association trade cooperation and the implementation guidance for the "Trump launched after administration trade policy and legislative status and implications. For the 'direction of the government tax reform Trump and strategies of our company, announces the US KPMG baksanghwan partners.

Following an introduction to KPMG US investment expert, Ulrich Schmidt (Ulrich Schmidt) Partner 'Considerations of the global market portfolio strategy, investing local producers and the US's.

Bakmungu Samjung KPMG International Trade Division is "Korea manufacturing high dependence on exports in economic growth is a strategic diversification, foreign markets anti-dumping regulation preemptive response to the industrial structure sensitive to trade policy changes in the United States and China this year, global production base, FTA post establishing emergency measures for the verification and border measures by country of origin are said to be essential. "

Following added, "we should pay attention to the recent generally strengthen the capacity of the corresponding organization and established a typical business densely by applying digital innovation preemptive strategies that rely on a manual LG Electronics and Hyundai Steel's response processes."



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