Financial groups reignite race for insurance deals

South Korea's insurance merger and acquisition market is showing signs of life after years of stalled deals, as major financial groups seek to expand beyond their core businesses.

Lotte Non-Life Insurance, KDB Life Insurance and Yebyeol Non-Life Insurance are all up for sale, with key bidding processes set to reach crucial stages in July and August.

While the assets themselves are not new, buyer priorities have shifted.

Banks are looking to strengthen nonbank earnings, securities firms want insu ...