Legacy specialist re/insurer Compre has announced that Nick Steer, the firm’s founding director, will step down as CEO.
Tom Colraine, chairman of Compre Group, commented; “the board are delighted to be promoting Will Bridger and Mark Lawson as co-CEO’s. Their joint role plays well to Will and Mark’s respective leadership strengths and their combined experience will support the continued strong development of the business.”
Steer will remain within the group, advising on future acquisitions as non-executive Deputy Chairman.
Steer said; “next March I will have been with the business for 32 years and CEO for the last nine.
“During that time, the group has completed 11 company and 27 portfolio acquisitions in 11 different countries across Europe.
“It has grown to be a well-respected and trusted acquirer of non-life insurance and reinsurance legacy business. I feel now is the right time to step back as CEO and let the team, under new leadership, build on the very stable platform and take the business forward. I look forward to contributing to the continued success of the business in my new role.”
From 1 January 2018, Philipp Kleyser will be appointed to the group in Germany in a new business role and is set to become a director of its reinsurance subsidiary, Hamburger Internationale Rückversicherung-AG.
He joins from EY where, as executive director, he provided transaction and restructuring advisory support for the insurance industry in Germany and Europe.