Premium growth in the global reinsurance markets has accelerated rapidly since 2020, fueled by inflation, increasing exposures and growing needs of our clients.

41.9% of a global gross reinsurance premium amounting to USD 809bn were accounted in Europe in 2022, according to IAIS. With Germany, Switzerland and the UK, Europe features three of the five largest reinsurance markets in the world.

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Nine of the world's 20 largest P&C insurance markets are based in Europe. Insurers in these markets mostly cover their reinsurance needs with reinsurers based in Europe. With its experienced team in Zurich, Korean Re Switzerland is ideally equipped to support its clients.

 

Korean Re’s European business with a history of more than 25 years has grown gradually and profitably over the last years. Through Korean Re Switzerland, we aim to build on this very solid foundation – and enable future profitable growth by providing local expertise, continuity and consistency to our valued clients and business partners, backed by a strong parent company with a global reach.

 

Our location in the heart of Europe, combined with a highly experienced local team, allows Korean Re to better serve European clients to meet their financial, operational and regulatory needs. We are a partner for all core placements of our clients, including long-tail lines and tailored/structured reinsurance needs.

 

We combine new offerings with existing business and provide ‘best in class’ service, namely proximity to our clients' needs, quality and speed of service, and bespoke and individual reinsurance solutions.

 

Korean Re Switzerland is a fully owned subsidiary of Korean Reinsurance Company, Seoul. We are the group's European Hub and a fully capitalized reinsurer, licensed by FINMA. Korean Re Switzerland has an "A" credit rating from Standard & Poor's with stable outlook.