Samsung Fire & Marine Insurance to acquire an additional 21% stake in Canopius Group.

Samsung Fire & Marine Insurance, a non-life insurance company, agreed to acquire an additional 21% stake in Canopius Group, an international specialty and P&C (re)insurer. Financial terms were not disclosed. “We are delighted that SFMI has chosen to increase its shareholding in Canopius. Their continued support reflects a shared confidence in our long-term strategy and the value we aim to create. SFMI has been a trusted partner since its initial investment, and we look forward to deepening our relationship as we continue to build a resilient and forward-looking business,” Neil Robertson, Canopius Group Group Chief Executive Officer.