Samsung Fire & Marine Insurance (SFMI) has agreed to acquire a further 40.6% stake in UK specialty insurer Canopius, lifting its ownership to 80.6% and securing control.
SFMI is buying control for about Won2.26tn ($1.68bn), joining forces with US private equity firm KKR and the Korea Investment Corporation (KIC).
The shares will come from Canopius’ exi...