Compre Group Holdings Limited (Compre), the Bermuda-domiciled international specialty reinsurance group, has announced that it will assume a material portfolio of asbestos insurance liabilities from Amerisure.
Amerisure is a provider of commercial property and casualty insurance solutions for U.S.-based construction, manufacturing, and healthcare businesses.
The transaction involves the transfer of a significant block of legacy reserves, further reinforcing Compre’s position as a trusted partner in managing complex, long-tail insurance exposures.
As part of the agreement, Compre will assume responsibility for the identified asbestos liabilities and manage all associated claims.
Rachel Bardon, Chief Underwriting Officer at Compre Group, said, “We are proud to deliver a solution that creates tangible capital and operational benefits for our clients. Asbestos liabilities require specialist expertise and long-term commitment. This transaction demonstrates our disciplined underwriting approach and ability to structure solutions that provide certainty, stability and efficiency for our partners.”
Chris Spaude, Chief Financial Officer at Amerisure, added, “This agreement is a proactive step to resolve legacy asbestos exposure, reduce future volatility, and further enhance our long‑term financial strength.
“With this action, Amerisure can further focus our capital, leadership, and operational efforts on continued delivery of industry-leading service supporting our agents and policyholders.”
Visit our table of legacy and run-off insurance and reinsurance transactions to read about previously announced deals.
