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.
Quick answer
Kyobo Life Insurance is acquiring AXA General Insurance, announced August 12, 2026. Kyobo Life Insurance is based in South Korea.
- How much did Kyobo Life Insurance pay for AXA General Insurance?
- The deal value was not disclosed.
- What does Kyobo Life Insurance do?
- Kyobo Life Insurance is a leading life insurance provider in South Korea.
- Where are Kyobo Life Insurance and AXA General Insurance based?
- Kyobo Life Insurance is based in South Korea. AXA General Insurance is based in South Korea.
- Who are the decision-makers at Kyobo Life Insurance?
- Fundz holds 1 contact at Kyobo Life Insurance. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Employee Benefits
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Kyobo Life Insurance acquires Lifeplanet (September 15, 2026)
- Arthur J. Gallagher acquires Apollo Insurance Solutions (August 5, 2026)
- Grupo Concentra acquires Obimedia in Portugal (July 23, 2026)
- JAB Insurance completes acquisition of Columbian Financial (September 8, 2026)
- Jerusalem Insurance merges with Arabia Insurance (August 9, 2026)
- Gallagher acquires WMB to boost Canadian presence (July 7, 2026)
Who to call at Kyobo Life Insurance, and when
When Kyobo Life Insurance changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Kyobo Life Insurance raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Kyobo Life Insurance, from your own LinkedIn network
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Frequently 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.
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