Samsung Insurance Arms Seek Control of Canopius and Stake in Principal
Samsung Fire & Marine Insurance is in talks to buy full control of London-based Canopius, after raising its stake to 40% in a $570M deal, with a remaining buyout reportedly discussed at about $2–$2.2B. Samsung Life is also negotiating to take roughly a 15% stake in Principal Financial Group, a major US 401(k) recordkeeper. Samsung Fire booked 168.5 billion won of equity-method profit from Canopius in H1 2026.