KB Insurance
KB Insurance Co. is a non-life insurance services arm of KB Financial Group. The insurer manages 33.3 trillion won in assets as of end-2023. Alternative assets make up 33.9% of the AUM. It aims to decrease the exposure to alternative assets to 31.6% by 2026. Overseas private debt and offshore infrastructure respectively make up 17.7% and 16.8% of the alternative assets. Offshore real estate and overseas private equity respectively account for 11.5% and 10.6% of the alternative assets.
Most Read
- 1 Maybe Happy Ending: How a Seoul-made robot love story rewrote the Broadway playbook
- 2 NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
- 3 Woori Financial wins approval for Tongyang, ABL Life acquisition
- 4 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 5 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
