Samsung Life Insurance Co.’s headquarters in southern Seoul. (Yonhap)
SEOUL, Sept. 28 (Korea Bizwire) — Samsung Group’s insurance affiliates said Wednesday they have signed a deal with U.S. asset management behemoth Blackstone Inc. to invest some US$650 million in alternative assets, such as real estate and infrastructure facilities.
The two — Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co. — will chip in the amount in the alternative fund managed by Blackstone.
In recent years, Samsung’s financial firms have been aggressively pushing for global investment.
Samsung Life bought a 25 percent stake in Savills Investment Management, the real estate management leg of British property giant Savills.
Samsung Fire & Marine Insurance purchased a 19 percent stake of British reinsurer Canopius AG between 2019 and 2020.
(Yonhap)
