Speciality re/insurer Canopius Group has agreed to sell a further 21% of its equity to Samsung Fire & Marine Insurance, which will take its shareholding to 40%. The stock has been bought from existing shareholders Fidentia Fortuna Holdings, which is led by US private equity firm, Centerbridge Partners.

Neil Robertson, group chief executive officer of Canopius Group, said: “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.”

Munhwa (Marvin) Lee, CEO of Samsung Fire & Marine Insurance, added: “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.”