A post by @FirstSquawk on X.

Samsung Fire & Marine Insurance agreed to acquire a 60% stake in UK specialty insurer Canopius for 3 trillion won, according to a Daily report cited by First Squawk. The deal marks a major overseas expansion by the South Korean insurer into the Lloyd's of London specialty market, where Canopius is a prominent underwriter. Financial terms beyond the headline price, including the implied valuation of the remaining 40% stake, were not detailed in the initial report. The transaction is subject to regulatory approvals in both South Korea and the UK. Watch for formal confirmation from Samsung Fire, the exact deal structure and funding plan, and any competing bids or regulatory hurdles that could affect timing.