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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 2 sources · 9 days · First seen · Last updated
Samsung insurance business developments
Overview
Samsung’s insurance affiliates have undertaken significant product and financial expansions. Samsung Life Insurance and Samsung Fire & Marine Insurance launched new health insurance products targeting senior citizens and life-cycle risks, including coverage for pneumonia, robotic knee replacement, and long-term care services.
In a separate financial move, Samsung Life Insurance completed a record $1.5 billion issuance of overseas hybrid securities. The 30-year maturity bonds, which saw high participation from United States and European investors, are intended to strengthen capital adequacy, support shareholder returns, and fund mid-to-long-term growth.
Entities
Samsung Life Insurance · Bank of America · Citigroup · Samsung Fire & Marine Insurance · BNP Paribas
Timeline
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[BUSINESS] 2 sourcesSamsung Life Insurance completes record $1.5 billion overseas hybrid bond issuance
Samsung Life Insurance has issued a record-breaking $1.5 billion in overseas hybrid bonds, attracting high participation from US and European investors to bolster capital adequacy.
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[BUSINESS] 2 sourcesSamsung insurance affiliates launch new senior and life-cycle health products
Samsung Life and Samsung Fire & Marine Insurance have launched new health insurance products focusing on senior care, pneumonia, and expanded disease coverage including liver and kidney ailments.
Sources
sateconomy.co.kr · tfmedia.co.kr