Specialist legacy acquirer, Compre has revealed a number of management changes as the company targets future growth, including the appointment of Ian Patrick as Group Chief Financial Officer (CFO), effective immediately.
Patrick takes over as Group CFO from Simon Hawkins, who has held the position since December 2018. He brings a wealth of industry experience to the role, which includes serving as CFO of ReAssure, alongside P&C sector experience gained from his time with Towergate and Highway.
As part of Compre’s executive management team, Patrick takes on responsibility for driving both the growth and financial effectiveness of Compre, leading the global finance team and managing investor relations and communications.
Hawkins joined Compre’s executive management team in July of 2018 from QBE as Chief Operating Officer (COO), and then oversaw a restructuring of the firm’s finance function as Group CFO. With Patrick joining the firm, Hawkins is set to return to his previous role as COO of Compre.
Additionally, Compre has announce that Rhydian Williams, previously Managing Director, Operations and Risk, has retired from the company’s executive management team. Williams joined the firm as part of the original MBO in 2011 alongside Will Bridger and Nick Steer, former Chief Executive Officer (CEO). He will remain as a non-executive director of the firm’s group holding companies and of several of its risk carriers in both Europe and Bermuda.
Compre’s CEO, Bridger, commented: “I am delighted to announce these management changes at a key time for Compre and the legacy market. I’d like to welcome Ian to the team and look forward to working with him as we close our capital raising and build Compre through its next evolution.
“My thanks to Simon for his stewardship of the Finance function for nearly 2 years. I am delighted that we have secured such an experienced CFO in Ian allowing Simon to resume his focus on transactions and generating value from our portfolios.
“My thanks also to Rhydian with whom I have worked closely for 10 years. I am delighted that he will continue with the group in a non-Executive capacity.”
This news comes roughly a month after Compre announced plans to raise additional capital in the face of increased legacy activity related to the COVID-19 pandemic and hardening market conditions.
