Samsung Fire confirms USD 1.67 billion deal to take control of Canopius
- Samsung Fire & Marine Insurance will buy an additional 40.53% stake in Fortuna Topco for approximately USD 1.67 billion.
- The purchase will raise its holding to 80.56%, securing control of Lloyd’s insurer Canopius Group, wholly owned by Fortuna Topco.
- Co-investors KKR and Korea Investment Corporation will hold 12.15% and 7.29%, respectively, at closing.
- Completion is expected on March 31, 2027, subject to regulatory approvals and closing conditions.
- Shareholder agreements provide call and put options covering the co-investors’ entire holdings, with exercise prices determined by contractual formulas.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Samsung Fire and Marine Insurance Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261110800003), on November 10, 2026, and is solely responsible for the information contained therein.