Korean Re defers start-up ambitions until 2019

Top 10 reinsurer Korean Re has extended its timeline on a
Lloyd's start-up and does not now expect to have a
fully-fledged syndicate operating until 2019, The
Insurance Insider can reveal.
Korean Re launched a special purpose arrangement (SPA) with
Beazley in mid-2015 as part of a broader strategic relationship,
with the Lloyd's sidecar always intended as a precursor to a
standalone operation.
Last November, The Insurance Insider
reported that the Seoul-headquartered reinsurer hadcommenced discu