Samsung Fire & Marine Insurance will spend approximately 2.26 trillion won to increase its holdings of Canopius Group, a British specialty insurance company, to 80.6%. This will be one of the largest overseas acquisitions of Korean financial institutions. The deal will allow South Korea's largest non-life insurance company to take control of Canopius and accelerate its entry into the global specialty insurance market. This trend is growing as Korean financial institutions increasingly seek growth opportunities overseas.

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