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Kyobo Life Moves to Reacquire AXA General Insurance After 20 Years

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Kyobo Life says it is moving ahead to reacquire AXA General Insurance, dispatching RFPs to banks and accounting firms to select an adviser and begin due diligence. The plan builds on its capital strength, with a K-ICS solvency ratio of 175.6% under transitional measures. It previously sold management rights to AXA in 2007, and has expanded via SBI Savings Bank and by integrating Kyobo AXA Asset Management.

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