Article ID: 1f7cfcedb618f5ee2d88d091997cbffc46e79e4ce43ac4e90d408788aa7501f0
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/samsung-insurers-plan-to-buy-canopius-for-1-5-billion-report/
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Samsung insurers plan to buy Canopius for $1.5 billion: Report - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Samsung insurers plan to buy Canopius for $1.5 billion: Report Mergers and Acquisitions , P/C Insurers , Reinsurance Asia-Pacific , United Kingdom Sep 3, 2026 (Reuters) – South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on Thursday. Samsung Fire and Marine Insurance and Samsung Life Insurance are expected to sign a deal with major shareholders, including asset manager Centerbridge Partners, it added, citing unnamed industry sources. Samsung Fire and Samsung Life now hold a 40% share in Canopius, the paper said. Nothing has been decided at this stage, the two companies said in a statement. In a regulatory filing, Samsung Life said it is reviewing investment opportunities at home and abroad to secure new growth drivers but has made no specific decision on a potential equity investment in a U.S. insurer. Both firms are expected to fund the buy with dividends from Samsung Electronics, which had record operating profit in the second quarter, the paper said. The two hold major stakes in the world’s largest memory chip maker. Related News Swiss Re Corporate Solutions names head of US E&S September 3, 2026 New York court rejects comp fraud claim based on database reports September 3, 2026 8th Circuit vacates $25M coverage award against insurer September 3, 2026 Marsh names head of international, Marsh Re September 3, 2026 AI slop is coming for your lunch hour September 3, 2026 Amwins acquires firearms MGA Joseph Chiarello September 3, 2026 Judge bars “Big Brother” contestant from insurance collection September 3, 2026 Samsung Fire and Marine plans $1.5B Canopius deal September 3, 2026 Lloyd’s reinsurance pricing softens in first half September 3, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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