Swiss Re Korea is marking its 30th anniversary in 2025, commemorating three decades of operations in the country’s re/insurance sector.
The company first established its presence in Korea in 1995, opening a liaison office that has since developed into a full-service operation supporting both Life & Health and Property & Casualty clients.
Over the years, Swiss Re Korea said that it has expanded its offerings to meet the needs of local insurers, providing reinsurance solutions and technical expertise that have contributed to the growth of Korea’s insurance industry.
Recently, Swiss Re Korea held a ceremony at its new Centropolis office in Seoul to recognize the anniversary. The event brought together employees and company leaders to reflect on the organization’s progress and the contributions of its staff.
This major milestone also comes amid strong financials for the group globally. Swiss Re Group reported a net income of US$2.6 billion for the first half of 2025, with a return on equity of 23.0%. The company attributed this performance to strong underwriting margins and a solid investment result.
Looking ahead, Swiss Re has set a group net income goal of more than US$4.4 billion for 2025 and plans to increase its ordinary dividend per share by at least 7% annually over the next three years.
CEO Andreas Berger (pictured above) said that the company expects continued strong demand for reinsurance in both property & casualty and life & health segments, supported by a favorable risk environment and growth in the life insurance market.
As a result of its strong financial performance, AM Best earlier this month affirmed Swiss Re’s A+ Financial Strength Rating and “aa” Long-Term Issuer Credit Ratings, citing the reinsurer’s strongest-level balance sheet strength and conservative capital management.
Last month, Swiss Re also announced a consolidation of its insurance-linked securities (ILS) investment management operations into a single platform. The move will unite Swiss Re Insurance-Linked Investment Advisors Corp. (SRILIAC) and Swiss Re Insurance-Linked Investment Management AG (SRILIM) under the management of SRILIAC.
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