Samsung Insurers to Buy Canopius
Samsung insurance affiliates plan to acquire London-based Canopius by purchasing an additional fifty percent stake for nearly one point five billion dollars. Both firms are reviewing the investment opportunity while noting no final decisions have been made.
Insights:
South Korea's Samsung Group-affiliated insurers plan to acquire London-based reinsurer Canopius for more than 2 trillion won ($1.47B) on Thursday morning. The transaction involves purchasing an additional 50% stake to secure full ownership of the target. The deal follows earlier investments that gave the group a 40% share in the United Kingdom firm.
