Samsung Fire & Marine Insurance raises its stake in Canopius Group to 40%

From Yahoo Finance: 2025-06-12 10:24:00

Samsung Fire & Marine Insurance (SFMI) has increased its stake in Canopius Group to 40% by acquiring an additional 21% stake from Fidentia Fortuna Holdings. This marks SFMI’s third investment in Canopius, with previous investments made in 2019 and 2020. The deal is subject to standard closing conditions and regulatory approvals. Financial advisory services were provided by Fenchurch Advisory Partners to Canopius and Fidentia Fortuna Holdings, while Macquarie Capital advised SFMI. Canopius Group CEO Neil Robertson expressed delight in SFMI’s increased shareholding, emphasizing shared confidence in the long-term strategy. SFMI CEO Munhwa Lee sees the investment as a strategic step towards collaboration and value creation. SFMI is a non-life insurance company based in Seoul, South Korea, offering various insurance products. Last month, SFMI collaborated with cyber insurer Cyberwrite to enhance cyber insurance underwriting and risk management. Canopius recently appointed Global Parametrics as a coverholder for its Lloyd’s Syndicate 4444.



Read more at Yahoo Finance: Samsung Fire & Marine Insurance raises stake in Canopius