On September 21, 2016, Asia Capital Reinsurance Group Pte. Ltd. (“Asia Capital Re”) obtained a reinsurance business license for its Korea Branch from the Financial Services Commission (“FSC”).

Kim & Chang’s Insurance Practice played a critical role in supporting Asia Capital Re during the Preliminary Application and Formal Application process for the regulatory approval of the newly-established branch office of Asia Capital Re in Korea.

Asia Capital Re is a Singapore-based reinsurer focusing on clients in the Pan-Asia Region, covering the Middle East to China and Japan.  Asia Capital Re specializes in providing reinsurance solutions for risks across a number of lines of business, including aviation, casualty, credit and surety, energy, engineering, marine, medical, catastrophe, and property insurance.