Korean Re confirms £10mn Lloyd's foray

Top-10 global reinsurer Korean Re has confirmed it will make its
first foray into the Lloyd's market via a £10mn UK
subsidiary.
Speaking to Seoul-based publication Business Korea, Won
Jong-kyu, president of Korean Re, said the carrier was in the
process of setting up a £10mn London-based entity.
"Once Korean Re has its foreign organisation for
underwriting itself in the advanced European market, the company
will secure a bridgehead for overseas expansion," he told the
mag