On June 11, 2025, Canopius Group, a professional insurance company in London, announced that Samsung Fire & Marine Insurance (SFMI) of South Korea had reached an agreement to acquire an additional 21% of its shares, increasing its shareholding ratio to 40%. This share purchase was made from the existing shareholder Fidentia Fortuna Holdings (led by the US private equity firm Centerbridge Partners). This is SFMI’s third investment since 2019, and the specific amount was not disclosed by either party. It was previously reported that Centerbridge had considered withdrawing from Canopius, including options such as an IPO or sale.
Neil Robertson, the CEO of Canopius, said that the increase in SFMI holdings reflects the confidence of both sides in the long-term strategy. Munhwa Lee, the CEO of SFMI, emphasized that this move aims to enhance cooperation and innovation and promote the company to become a top global insurance company. The senior management of Centerbridge also praised Canopius’ performance growth in recent years and looked forward to jointly exploring the international market in the future.
This transaction is subject to customary conditions such as regulatory approval. Fenchurch Advisory Partners served as the financial advisor for Centerbridge, while Macquarie Capital provided consulting services for SFMI. Canopius operates in multiple countries and conducts underwriting business through Lloyd Syndicate 4444 and Bermuda Reinsurance Company.
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