Acquiring Company
Kyobo Life Insurance
Acquired Company
AXA General Insurance
South KoreaSouth KoreaFinancial ServicesEmployee BenefitsInsurtechInsuranceFinancial ServicesInsurtechInsuranceDescription
Kyobo Life Insurance is in the process of acquiring AXA General Insurance to enhance its presence in the non-life insurance sector. The deal is valued at around KRW300bn ($220m) and marks Kyobo Life's return to a company it previously owned nearly two decades ago. The insurer is choosing an advisor to facilitate the acquisition and plans to begin due diligence soon. This transaction is part of Kyobo Life's strategy to diversify and strengthen its financial portfolio.
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Based on deal dataFrequently asked
Who acquired AXA General Insurance?
AXA General Insurance was acquired by Kyobo Life Insurance, based in South Korea. The deal was reported on August 12, 2026. Kyobo Life Insurance is a leading life insurance provider in South Korea. Established in 1958, it offers a wide range of insurance products aimed at individuals and businesses. Kyobo Life Insurance is privately held and operates in Financial Services.
When did Kyobo Life Insurance acquire AXA General Insurance?
Kyobo Life Insurance's acquisition of AXA General Insurance was reported on August 12, 2026. Kyobo Life Insurance is in the process of acquiring AXA General Insurance to enhance its presence in the non-life insurance sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does AXA General Insurance do?
AXA General Insurance is one of South Korea's leading non-life insurance companies, originating in 2000 as the first online insurer in the country. The company has undergone several ownership changes and rebranding since its inception. It is privately held, operating in Financial Services, and is based in South Korea.