Samsung Fire & Marine to acquire control of Canopius, with Centerbridge selling

Samsung Fire & Marine Insurance plans to acquire the remaining shares of Canopius, the UK specialty insurer, for about 3 trillion won together with institutional investors. The board discussed the plan on November 9, 2026, and the company intends to raise its stake from 40% to 81%.

The shares are held by US private equity firm Centerbridge Partners and others. KKR and the Korea Investment Corporation are expected to take part as co-investors. Samsung Fire & Marine plans to fund the deal by issuing new capital securities in the US market.

Samsung Fire & Marine first invested in Canopius in 2019, added shares in 2020 and 2025, and invested about 800 billion won last year to reach 40%. Canopius reported 2025 direct premiums written of $4.48 billion and net profit of $467 million.