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12.11.26 - 08:30
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Samsung Securities Earnings Up In Q3 (AFX)
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SEOUL (dpa-AFX) - Samsung Securities Co.,Ltd. (016360.KS), on Thursday reported higher net income in the third quarter of 2026 compared with the previous year. For the third quarter, net income at......
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12.11.26 - 08:06
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Samsung and Hyundai forge AI alliance (Digitimes)
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Samsung Group and Hyundai are deepening their strategic partnership, exploring opportunities in robotics, energy and physical AI alongside existing cooperation in automotive semiconductors, batteries and displays. More than 100 senior executives from the two conglomerates met in Yongin, Gyeonggi-do province, South Korea, on November 9 to map out collaboration in future mobility and industrial applications....
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12.11.26 - 08:06
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Sam Altman warns Samsung of short-term AI demand volatility (Digitimes)
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OpenAI CEO Sam Altman warned Samsung Electronics executives that AI memory demand could fluctuate in the short term, with the market potentially counting the same demand more than once. He nevertheless expects long-term AI demand to surge, creating shortages of chips and data centers and underscoring the need for greater supply chain investment....
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12.11.26 - 04:06
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Samsung, AMD team up to upgrade chip testing (Digitimes)
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Samsung Electronics and AMD are teaming up to upgrade the Korean chipmaker's semiconductor manufacturing test infrastructure, combining AMD's new EPYC Embedded 9006 processors with Samsung memory and storage technologies, according to AMD's November 10 announcement....
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11.11.26 - 20:45
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AM Best Places Credit Ratings of Canopius US Insurance, Inc. and Canopius Reinsurance Limited Under Review With Positive Implications (Business Wire)
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LONDON--(BUSINESS WIRE)--#insurance--AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Canopius US Insurance, Inc. (Wellington, DE) and Canopius Reinsurance Limited (Canopius Re) (Bermuda). Both entities are wholly owned subsidiaries of Canopius Group Limited (Canopius) (Jersey), the non-operating holding company of the Canopius group of companies.
The Credit Ratings (ratings) have been placed under review following the announcement on 10 November 2026, that Samsung Fire & Marine Insurance Company Limited (SFMI) has entered into an agreement to acquire the remaining 60% stake in Canopius, alongside funds managed by global investment firm KKR, and Korea Investment Corporation (KIC). SFMI will acquire an additional 40.6% to its existing 40% shareholding for an 80.6% controlling interest, with KKR holding 12.1% and KIC holding 7.3%, subject to minor adjustments to final shareholding at ...
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11.11.26 - 20:27
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AM Best Comments on Credit Ratings of Samsung Fire & Marine Insurance Co., Ltd. Following Announced Acquisition of a Controlling Stake in Canopius Group Limited (Business Wire)
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HONG KONG--(BUSINESS WIRE)--#insurance--AM Best has commented that the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Rating of “aa+” (Superior) of Samsung Fire & Marine Insurance Co., Ltd. (SFM) (South Korea) remain unchanged following the announcement of its plan to acquire the remaining stake in Canopius Group Limited (Canopius), a major Lloyd's and specialty underwriter, on 10 November 2026.SFM has entered into a share purchase agreement with global private equity firm KKR and Korea Investment Corporation (KIC) to jointly acquire the outstanding 60% stake in Canopius currently held by its majority shareholder, Centerbridge Partners. Since its initial minority investment in Canopius in 2019, SFM has strengthened its strategic partnership with Canopius, and expanded its stake to 40% in 2025. Upon completion of the announced transaction, SFM's total ownership in Canopius will increase to approximately 80.6%, securing management control of the company. KKR and KIC, as co...
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