Menu

Reinsurance News

Compre completes Cinven and BCI acquisition

29th April 2021 - Author: Katie Baker

International specialist legacy group Compre has completed its acquisition by private equity firm Cinven and British Columbia Investment Management Corporation (BCI), after receiving the regulatory approvals.

Cinven and BCI are now the majority shareholders alongside Compre’s management team who remain in their roles and as minority shareholders.

Compre CEO Will Bridger said: “I am delighted that all regulatory approvals have now been granted, which allows us to press on with new partners Cinven and BCI toward our ambitious growth.

“I am also delighted that former PartnerRe Chief Executive, Emmanuel Clarke and former CEO of AXA Belgium Frank Koster will join our Board as Non-Executive Directors with Emmanuel also assuming the position of chairman of the Group.

“I have no doubt that their long and deep insurance expertise will be invaluable to us as we grow.

“My thanks again to CBPE for their continuous support since 2015, which enabled us to build a profitable and sustainable business.

“With Cinven and BCI’s support and investment I look forward to bringing the client-centric approach Compre has built its reputation on across all our markets, making Compre the industry’s legacy partner of choice.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
MAPFRE reports 36.7% attributable earnings growth in Q1

Improved business in Spain, LATAM South and North America, in addition to an upturn in its reinsurance segment has helped...

Close