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[Samsung Fire and Marine Insurance spends US$1.7 billion to acquire control of British professional insurance company Canopius] On November 10th, Samsung Fire and Marine Insurance Company will spend approximately 2.26 trillion won (US$1.7 billion) to increase its stake in British professional insurance company Canopius Group to 80.6%. This will become one of the largest overseas acquisitions by a Korean financial institution. The deal will allow South Korea's largest non-life insurance company to gain control of Canopius and accelerate its entry into the global specialty insurance market.
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