Samsung insurance firms to acquire Canopius for $1.5 billion, Korea Economic Daily reports

Samsung insurance subsidiaries are reportedly planning to acquire the London-based specialty re/insurer Canopius for approximately $1.5 billion. The potential transaction, which was first reported by the Korea Economic Daily, marks a significant international expansion effort for the South Korean financial group.

If finalized, the deal would integrate Canopius into Samsung's insurance portfolio, providing the group with a stronger foothold in the global specialty insurance market. The acquisition remains subject to formal confirmation and regulatory approvals.