Mergers & AcquisitionsMedium•9 November 2026•
1 min read
Samsung Fire and KKR to Acquire UK's Canopius in $2.2 Billion Deal
Key Facts
1Samsung Fire & Marine Insurance partnered with KKR and Korea Investment Corp to acquire the remaining 60% stake in Canopius.
2The deal is valued at $2.2 billion, granting the South Korean insurer full ownership of UK-based Canopius.
3This transaction marks the largest cross-border M&A deal by a Korean financial institution.
Samsung Fire & Marine Insurance has partnered with KKR and Korea Investment Corp (KIC) to acquire the remaining 60% stake in Canopius. KED Global reported that the deal is valued at $2.2 billion, granting the South Korean insurer full ownership of the UK-based specialty insurance firm.
The transaction marks the largest cross-border M&A deal ever conducted by a Korean financial institution. Regarding the participating firms' market performance, KKR closed at $96.48 on November 6, 2026, having traded between a day high of $98.39 and a low of $95.9 during that session.