Samsung Fire & Marine Insurance Agrees to Acquire Remaining 60% of Canopius
Samsung Fire & Marine Insurance has entered into an agreement to acquire the remaining 60% stake in Canopius alongside funds managed by KKR. The supplied report also names KIC.
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11:04:30 PM UTC
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Samsung Fire & Marine Insurance agreed to acquire an additional 40.6% stake in Canopius, raising its ownership to 80.6%; KKR and KIC will hold 12.1% and 7.3%, respectively, subject to minor adjustments at closing. The deal requires customary closing conditions, including regulatory approvals.Materi…
Canopius Group (“Canopius”, or the “Group”), a leading international specialty and P&C (re)insurer, today announces that Samsung Fire & Marine Insurance (“SFMI”) has entered into an agreement to acquire the remaining 60% stake in Canopius, alongside funds managed by global investment firm KKR, and…