Reinsurance News
Compre
Compre implements management changes to drive global operations
13th February 2024
In response to significant growth and recent successful transactions, Compre, the Bermuda-based international legacy group, has announced pivotal management changes aimed at enhancing operational efficiency and global client solutions. The establishment of a Global Claims and Operations function marks a strategic consolidation within Compre, ensuring optimal portfolio management and client service ... Read the full article
Compre completes two European liability portfolio acquisitions
10th January 2024
Bermuda-domiciled legacy group Compre has acquired two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. According to Compre, all necessary approvals have been granted by Bermudian and European regulators. This allows the firm's class 3B Bermudian reinsurer, Pallas Reinsurance Company Ltd., to reinsure approximately €200m of reserves ... Read the full article
Lowery-Biggers and Reiss join Compre’s Board in Bermuda
30th November 2023
Compre, an international legacy group, has announced the appointment of LoriAnn Lowery-Biggers and Jonathan Reiss as independent non-executive directors of its holding company in Bermuda, subject to regulatory approval. Lowery-Biggers brings more than 25 years of experience in the global finance and insurance industries to the company’s board. She has held notable ... Read the full article
Compre acquires Irish subsidiary of Covéa
4th September 2023
Bermuda headquartered Compre, an international legacy group, has acquired Medical Insurance Company DAC (MIC), the Irish subsidiary of Covéa, a French mutual insurance company. MIC provided insurance policies covering professional medical malpractice risks. Compre signed the agreement to acquire MIC back in October 2022. The insurer had entered into run-off ... Read the full article
Compre expands US operation with seven new hires
21st August 2023
Bermuda-headquartered Compre, an international legacy group, has announced the appointment of seven US claims specialists, effective immediately. To accommodate the new team members - all of whom will report to North America claims director Bill Bouvier - Compre has moved its US headquarters to new offices in Manchester, New Hampshire. The appointments ... Read the full article
Compre welcomes Daniel Fiehn as group COO
11th July 2023
International legacy group Compre has announced the appointment of Daniel Fiehn as group Chief Operating Officer (COO), effective immediately. Reporting to group chief executive officer Will Bridger, Fiehn will be responsible for IT /data, change and facilities, with a particular focus on driving the use of technology and data across the ... Read the full article
SiriusPoint & Compre complete $1.3bn reinsurance LPT
3rd July 2023
Bermuda-based insurer and reinsurer SiriusPoint, and global legacy acquirer, Compre, have completed their previously announced $1.3 billion ground-up reinsurance loss portfolio transfer (LPT), underwritten by Pallas Reinsurance Company Ltd. This LPT was first announced in early March and sees Compre assume around $1.3 billion of reserves related to a diversified ... Read the full article
Compre welcomes two new senior hires
26th June 2023
International legacy group, Compre, has announced it is strengthening its capabilities with the appointment of two senior hires, Jennie Earis as chief reserving actuary and Kunal Shrivastava as head of analytics, effective immediately. In their new roles, both will support the continued growth of Compre, particularly following the group’s significant ... Read the full article
Compre expands partnership with Clearwater Analytics
16th June 2023
Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has announced the expansion of its partnership with Compre Group Holdings (Compre), an international legacy group based in Bermuda. Compre, which has experienced significant growth over the past three years, aims to achieve greater investment returns and ... Read the full article
Compre signs agreement to acquire workers’ comp portfolio from SUNZ
22nd May 2023
Bermuda-headquartered international legacy group, Compre Group Holdings Limited, has signed agreements to acquire a workers’ compensation legacy portfolio of SUNZ Insurance Company (SUNZ) for an undisclosed sum. Approved by the Bermuda Monetary Authority, the transaction is structured as a loss portfolio transfer and has been underwritten by Compre’s class 3B Bermudian ... Read the full article
SiriusPoint & Compre announce $1.3bn reinsurance loss portfolio transfer
2nd March 2023
Bermuda-headquartered re/insurer SiriusPoint and Compre, a global legacy group, have signed an agreement for a ground-up loss portfolio transfer (LPT) which covers approximately $1.3 billion of reserves underwritten by SiriusPoint's international reinsurance business in Sweden, and its Lloyd's Syndicate 1945. This LPT is subject to regulatory approvals and other conditions of ... Read the full article
Compre to acquire Irish subsidiary of Covéa
21st October 2022
Bermuda-headquartered international legacy group, Compre has announced that it has signed agreements to acquire the Irish subsidiary of Covéa, Medical Insurance Company DAC (MIC), which provided general liability insurance covering professional medical malpractice risks. The transaction is subject to regulatory approvals. Moreover, the acquisition represents a further step in Compre’s ambition to ... Read the full article
Compre appoints RiverStone’s Bouvier as North American claims director
20th September 2022
Compre, the Bermuda headquartered international legacy group, has appointed claims veteran, Bill Bouvier as Claims Director, North America, effective immediately. He will be based in Compre’s Connecticut office and will report to David Presley, CEO, North America. Within this role, Bouvier will be responsible for leading the North American claims team in ... Read the full article
Compre names Zisaruk Executive Director, Capital, Planning and Projects
2nd September 2022
Compre, the Bermuda headquartered international legacy group has appointed Jonathan Zisaruk to the newly created role of Executive Director – Capital, Planning and Projects, effective 5 September, 2022. Zisaruk will be based in London and will report to Group CEO, Will Bridger. Within this new role, Zisaruk will be responsible for strategic ... Read the full article
Compre receives approval for second acquisition of MedMal
25th August 2022
Compre is to acquire French firm MedMal from a Europe-based insurer following regulatory approval. The deal is structured as a loss portfolio transfer to be followed by a legal transfer. The portfolio contains legacy, live, and prospective risks through 2023. The transaction was brokered by Guy Carpenter. Simon Hawkins, CEO Europe at ... Read the full article
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