Samsung insurance firms to acquire Canopius for $1.5 billion, Korea Economic Daily reports

Samsung Fire & Marine Insurance

03/09/2026 24:20

SEOUL, Sept 3 (Reuters) - South Korea's Samsung Group-affiliated insurance companies plan to acquire London-based reinsurance company Canopius by buying an additional 50% share for more than 2 trillion won ($1.47 billion), the Korea Economic Daily reported on Thursday.
The two Samsung insurers, Samsung Fire and Marine Insurance Co 000810.KS and Samsung Life Insurance Co 032830.KS, are expected to sign a deal to acquire the 50% stake with major share owners including asset manager Centerbridge Partners, the report said, citing unnamed industry sources.
Samsung Fire and Samsung Life currently hold a 40% share in Canopius, the report said.
Representatives of the two companies could not be immediately reached for comment. 
Samsung Life and Samsung Fire are expected to finance the purchase with dividends from Samsung Electronics 005930.KS, which posted a record operating profit in the second quarter, the report said.
The two hold major stakes in the world's largest memory chip maker. 
($1 = 1,358.2300 won)

 (Reporting by Jack Kim, Heekyong Yang; Editing by Chris Reese)
 ((jack.kim@thomsonreuters.com; +822 6936 1455;))