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Member, Beacon International Group, Ltd.
Korean Reinsurance Co. has set out a three-phase growth strategy and plans will include catastrophe bonds and alternative capital, Artemis.bm reports.
The world's ninth largest reinsurer looks to ultimately get into the top three list and steps outlined in its 'Vision 2050'plan include sourcing 80% of business from abroad.
The three phases, slated for completion by 2020, 2030 and 2050, respectively, involves boosting capacity and credit ratings, securing investment from overseas and setting up regional headquarters, among others.