Article ID: ada7b741760d236d5cea25ac821258a53ae152253ff71b4a605217e33d94ee80
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/south-korean-insurers-back-199m-hormuz-cover/
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South Korean insurers back $199M Hormuz cover - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers South Korean insurers back $199M Hormuz cover May 25, 2026 Ten South Korean non-life insurers, including Hyundai Marine and Fire Insurance Company Ltd. and Samsung Fire and Marine Insurance Company Ltd., will jointly underwrite about 300 billion South Korean won ($199 million) in war risk insurance for 10 vessels passing through the Strait of Hormuz, Chosun Biz reported. The insurers will share coverage proportionally based on gross written premiums to reduce reliance on overseas reinsurance. Read more Related News South Korean insurers back $199M Hormuz cover May 25, 2026 Mine blast kills 82, exposes major violations May 25, 2026 Air France, Airbus found guilty in AF447 crash May 25, 2026 Cat bond issuances near $16.3B May 25, 2026 Salama’s profit surges despite revenue decline May 25, 2026 Shell emissions case reaches Dutch Supreme Court May 25, 2026 State high court revives claims against former insurance agency staff May 22, 2026 Insurer must face D&O coverage claims over $1.77M judgment May 22, 2026 TV doc scrubs in for real workforce crisis May 22, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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