Samsung Fire & Marine Insurance increases stake in Canopius

Canopius, a specialty and P&C (re)insurer, announced that Samsung Fire & Marine Insurance has entered into an agreement to purchase an additional 21% equity stake, bringing their shareholding to 40%.

This stake has been purchased from existing shareholders Fidentia Fortuna Holdings, which is led by private equity firm Centerbridge Partners.

This will mark SFMI’s third investment in the group, following previous investments in 2019 and 2020, and builds on a long-standing strategic partnership.

The transaction is subject to customary closing conditions, including regulatory approvals.

“We are delighted that SFMI has chosen to increase its shareholding in Canopius. Their continued support reflects a shared confidence in our long-term strategy and the value we aim to create. SFMI has been a trusted partner since its initial investment, and we look forward to deepening our relationship as we continue to build a resilient and forward-looking business.” – Neil Robertson, Group Chief Executive Officer of Canopius Group.

“This additional investment goes beyond a financial stake—it represents a strategic milestone toward increased collaboration and shared value creation. We remain committed to expanding our overseas footprint and driving innovation to evolve into a top-tier global insurer.” – Munhwa (Marvin) Lee, CEO of Samsung Fire & Marine Insurance.

“SFMI’s decision to increase its investment in Canopius reflects the Group’s outstanding growth and financial performance over the last three years, delivering on its strategic plan. We look forward to continuing our successful partnership with Canopius and SFMI as the company embarks on its next chapter with exciting ambitions for growth globally.” – Centerbridge Partners Senior Managing Directors Ben Langworthy and Matthew Kabaker.