Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an additional 21% equity stake in Canopius Group, bringing its shareholding to 40%.
This will mark SFMI’s third investment in Canopius, following previous investments in 2019 and 2020, and builds on a long-standing strategic partnership.
London-headquartered Canopius is a leading international specialty and P&C (re)insurer.
SFMI CEO Mr Munhwa Lee said, “This additional investment goes beyond a financial stake – it represents a strategic milestone toward increased collaboration and shared value creation.
“We remain committed to expanding our overseas footprint and driving innovation to evolve into a top-tier global insurer.”
Commenting on SFMI’s increased stake, Canopius group CEO Mr Neil Robertson said, “Their continued support reflects a shared confidence in our long-term strategy and the value we aim to create.”
The transaction is subject to customary closing conditions, including regulatory approvals.