Samsung Fire & Marine Insurance Co., South Korea's top non-life insurance company, said Sunday that it has agreed to buy a 20 percent stake in a Vietnamese non-life insurer, as part of its efforts to tap deeper into the Southeast Asian country.
Under the deal with a Vietnamese state-run oil firm, Petrolimex, Samsung Fire will buy the stake in PJICO, Vietnam's fifth-largest non-life insurer with a 7 percent market share.
