Reinsurance News
Compre
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
Compre makes German liability portfolio acquisition
16th August 2022
Compre, the Bermuda headquartered, international legacy group, has acquired the hospital liability (MedMal) portfolio of German insurer Basler Sachversicherungs-AG, an entity of the Baloise Group. The deal, structured as a portfolio transfer, is a step for Compre towards building a centre of excellence for legacy MedMal business in Europe. The portfolio mainly ... Read the full article
Compre redomiciles to Bermuda, appoints new CEO for Europe
30th June 2022
Compre has said that its group holding company has redomiciled to Bermuda, where it will be supervised by the Bermuda Monetary Authority (BMA). The firm said the move was the culmination of its diversification strategy to broaden its market focus from Continental Europe to include Lloyd’s of London and North American ... Read the full article
Compre raises $200m of debt to support growth
27th June 2022
Compre, the international specialist legacy group, has raised $200 million equivalent of subordinated Tier 2 debt in two tranches from a group of institutional investors, which it plans to use to support its growth ambitions. The net proceeds of the issue of the notes will be used by Compre for its ... Read the full article
Compre appoints new North America CEO
11th April 2022
Compre has appointed David Presley to be its new Chief Executive Officer (CEO) for North America. Presley, said the legacy specialist, will join the firm at the end of April and will report to Will Bridger, group CEO. Bridger said in a statement: “I am delighted to welcome David to Compre, whose ... Read the full article
Compre’s Chief Development Officer steps down
11th April 2022
International specialist legacy group, Compre has announced that Eleni Iacovides will be stepping down from her role as Chief Development Officer, with immediate effect. However, despite stepping down from her role as Chief Development Officer, Compre have said that Iacovides will remain involved specifically in relation to certain clients to ensure ... Read the full article
Compre recruits Mitha as Chief Actuary for North America
7th February 2022
Compre, the international specialist legacy group, has announced the appointment of Zameer Mitha as Chief Actuary, North America. In this newly created role, Mitha will be based in London and report to Group Chief Actuary Mark Lawson. Mitha, who will also spend some of his time in Bermuda, will be responsible for ... Read the full article
Compre appoints new chief actuary for North America
1st February 2022
Compre has appointed Zameer Mitha to be its chief actuary for North America. Despite the job title, Compre said that Mitha will be based in London and report to Mark Lawson, group chief actuary, with some time spent in Bermuda. Mitha will be responsible for transaction pricing, reserving, and actuarial reporting activities ... Read the full article
Compre acquires SiriusPoint legacy portfolio for $417mn
8th November 2021
International specialist legacy group, Compre, has completed the acquisition of a $417 million legacy liability portfolio from SiriusPoint, having received all necessary regulatory approvals. The transaction, which was announced in August, structured as a loss portfolio transfer, has been underwritten by Compre’s class 3A Bermudian reinsurer, Pallas Reinsurance Company. The portfolio ... Read the full article
Compre hires Chief Risk Officer Brid Reynolds from QBE
4th November 2021
Compre, the international specialist legacy group, has announced the appointment of Brid Reynolds as Group Chief Risk Officer, based in Hamilton, Bermuda. Reynolds joins Compre from QBE where she was most recently Vice President and Head of Capital, Management and Regulatory reporting. Prior to QBE, she served as Principal, Insurance Supervision at ... Read the full article
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