Samsung Insurance Arms Explore Major UK and US Acquisitions

Samsung insurers weigh W9tr UK, US dealmaking push

Samsung’s two insurance arms left the door open Thursday to overseas deals potentially worth up to 9 trillion won ($6.6 billion), stopping short of denying reports linking them to major acquisitions in the UK and US. Samsung Fire & Marine Insurance is reportedly considering taking control of London-based specialty insurer Canopius, while Samsung Life Insurance is said to be weighing the purchase of about 15 percent of US financial group Principal Financial Group. In separate regulatory filings,

By The Korea Herald