Samsung Life’s $1.5 billion bond plan mirrors reported price tag for Canopius stake

Samsung Life plans to sell $1.5 billion 30-year hybrid capital securities overseas before year-end Korea Economic Daily reported Canopius stake purchase could cost $1.47 billion Samsung Fire says no specific decisions have been made on global expansion opportunities By George Abbott Oct 13 (The Insurer) — Samsung Life confirmed to The Insurer that it is exploring global expansion opportunities after disclosing it will borrow up to $1.5 billion through a long-term bond. The South Korean insurer said on October 8 that it plans to sell 30-year hybrid capital securities to overseas investors before the end of the year. The move to raise additional funds follows reports that Samsung is set to acquire a further 50% stake in Lloyd's insurer Canopius. Korea Economic Daily reported in September that Samsung Life and Samsung Fire & Marine Insurance were preparing to acquire a further 50% stake in Canopius for more than KRW2 trillion ($1.47 billion) from shareholders including Centerbridge Partners. Samsung Fire already owns 40% of Canopius after increasing its holding from 19% in 2025. In response to questions from The Insurer about whether the capital raise was connected to Canopius, Samsun