Reinsurance News
Compre
Compre to acquire SiriusPoint legacy portfolio for $417mn
6th August 2021
Compre, the international specialist legacy group, and SiriusPoint have reached an agreement for Compre to acquire a $417 million portfolio of legacy liabilities. The transaction is structured as a loss portfolio transfer and will be underwritten by Compre's class 3A Bermudian reinsurer, Pallas Reinsurance Company Ltd. (Pallas Re). The portfolio in question ... Read the full article
Compre completes Cinven and BCI acquisition
29th April 2021
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: ... Read the full article
Compre adds Marialuisa Petrella, Connie Tregidga to leadership team
26th April 2021
International specialist legacy group Compre has appointed Marialuisa Petrella as claims director, and Connie Tregidga as group M&A director. Petrella joins in May from Armour Risk Management Limited where she served as head of European claims. Prior to that she worked for QBE and is a lawyer by profession. She will report to ... Read the full article
Compre announces completion of RITC with Coverys & AXA LM syndicate
22nd February 2021
Legacy group Compre has completed its second Lloyd's transaction, the reinsurance to close (RITC) of Syndicate 3330's 2018 year of account into Compre's Syndicate 1994. The legacy specialist's Lloyd's Syndicate 1994, which is managed by Apollo Syndicate Management, was launched last week. This latest transaction, which includes the purchase of AXA ... Read the full article
Compre partners with Apollo to launch Lloyd’s legacy Syndicate 1994
15th February 2021
Legacy group Compre has entered into a strategic partnership with independent specialist re/insurer, Apollo Syndicate Management, to launch a new Lloyd's of London legacy business focussed Syndicate 1994, which has received approval from The Council of Lloyd's. Syndicate 1994 will have the ability to execute the full range of legacy transactions ... Read the full article
Legacy specialist Compre to be acquired by Cinven and BCI
30th November 2020
Private equity firm Cinven and British Columbia Investment Management Corporation (BCI) have reached an agreement to purchase legacy acquirer, Compre, from existing shareholders CBPE Capital LLP, Hudson Structured Management Limited, and Compre's management. Following the transaction, Cinven and BCI will become majority shareholders alongside Compre's management team, led by Chief Executive ... Read the full article
Compre names CUO of Pallas Re, completes first US deal
14th October 2020
Independent specialty legacy acquirer Compre has announced the appointment of Anson Aguiar as Chief Underwriting Officer of Pallas Reinsurance Company Ltd. (Pallas Re), Compre’s recently-launched class 3A Bermudian reinsurer. He joins Pallas Re from Randall & Quilter Investment Holdings, where he served as Senior Vice President, Legacy M&A. Aguiar brings fourteen ... Read the full article
Ian Patrick named CFO of Compre as Simon Hawkins returns to COO role
12th October 2020
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 ... Read the full article
Compre eyeing capital raise off COVID-19, market hardening
16th September 2020
Leading specialist legacy acquirer Compre is looking to raise additional capital in the face of increased legacy activity related to the COVID-19 pandemic and hardening insurance market. Compre says its current shareholders, private-equity firm CBPE Capital, remain committed to the business and support its management team's outlook. The existing team, led by CEO ... Read the full article
Compre signs further legacy transaction with QBE
3rd July 2020
Leading specialist legacy acquirer Compre has today announced the signing of its second legacy transaction with QBE for an undisclosed sum. This transaction follows Compre’s acquisition of QBE’s share of the Ridgwell Fox & Partners pool legacy reinsurance business in 2016. “I am extremely pleased to announce the conclusion of our second ... Read the full article
Compre eyes growth with launch of Class 3A reinsurer in Bermuda
24th June 2020
Compre, the independent specialist legacy acquirer, has received regulatory approval in principle to establish a Class 3A reinsurer in Bermuda. Over the coming weeks, Compre is set to work with the Bermuda Monetary Authority (BMA) to finalise the registration and licensing of the reinsurer. The company says that this new platform will ... Read the full article
Compre adds Iacovides as Chief Development Officer
1st April 2020
Specialist legacy acquirer Compre has announced the appointment of Eleni Iacovides as Chief Development Officer. Effective June 1, Iacovides will lead the company’s global business development strategy. She was previously group Chief Client Officer at DARAG Group and prior to that, a partner in the London office of law firm Goldberg Segalla. Iacovides ... Read the full article
Compre announces second legacy reinsurance transaction with AG Insurance
8th November 2019
Legacy specialist Compre has announced the signing of agreements to transfer an inwards reinsurance portfolio from Belgian insurer AG Insurance SA, for an undisclosed sum. The transaction involves the transfer of a portfolio comprised of business in run-off across numerous lines and territories, predominantly U.S. The legacy portfolio transfer is the firm's ... Read the full article
Compre completes trio of run-off acquisitions
14th June 2019
Insurance and reinsurance legacy specialist, Compre has signed three transactions involving the share of the Gibbon Pools held by Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Company Ltd. (Helvetia), and an undisclosed European insurance group. Under the transactions, Compre has acquired each company's shares of the Gibbon Pools, which is made ... Read the full article
Compre appoints Simon Hawkins as CFO
8th January 2019
Compre, the independent European re/insurance legacy acquirer, has announced the appointment of Simon Hawkins as Chief Financial Officer (CFO), effective immediately. He succeeds outgoing CFO Paul Matson, who held the role for the previous three years and completed a four-month handover to Hawkins before departing at the end of 2018. Hawkins joined ... Read the full article
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