KDB Life’s transformation to shake up Korean reinsurance market

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The Korean reinsurance market may be receiving a shakeup, with KDB Life Insurance’s planned transformation into a reinsurer bringing more competition for dominant player Korean Re.

JC Partners, which recently emerged as the frontrunner to acquire KDB Life, plans to transition the company into the reinsurance business. The move would place KDB Life in direct competition with Korean Re, according to a report by The Korea Times.

The report, citing industry sources, said that JC Partners will acquire KDB Life for KRW550 billion (US$458 million). The buyer will take advantage of the loosening up of several reinsurance regulations in the

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Summer market hot streak is just starting: Lakshman Achuthan

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A summer rally may be underway.

Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500.

“This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to the upside.”

His weekly leading index uses proprietary data to predict where the market and economic are heading. It told Achuthan three months ago the economy would bottom around the second quarter.

“This weekly leading index objectively in an apolitical way tells us what do

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ArgoGlobal partners with digital MGA to transform cargo insurance market

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The origin of the exciting new partnership stems back to 2017, when Jon Hamilton (pictured above), head of cargo underwriting at ArgoGlobal, initiated a review of ArgoGlobal’s cargo business to see how they could “better shape [the division] for the future” and make it more sustainable. He commented: “The London market for cargo insurance had been under a lot of pressure for the preceding three or four underwriting years, and it was a challenging environment to operate in.

“We felt that any improvement we made had to involve technology. The cargo market had been a bit of a laggard in

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Volatility will dominate market in year’s second half: John Stoltzfus

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Market bull John Stoltzfus sees ways to make profits in the year’s second half, but it won’t come easy.

The Oppenheimer Asset Management chief investment strategist warns the wild swings won’t subside anytime soon due to how traders and nervous investors are reacting to headline risks.

“They’re waiting for some catalyst to cross the tape that will justify taking near-term profits without FOMO, or fear of missing out,” Stoltzfus told CNBC’s “Trading Nation” on Wednesday. 

Stoltzfus notes there are several risk factors to consider, particularly the spike in coronavirus cases and whether a vaccine will become a reality.

“What’s going

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