Reinsurance News
Compre
Generali gets regulatory go-ahead for UK legacy portfolio transfer to Compre
20th December 2018
Italian insurance giant Generali has received regulatory approval for the non-life legacy portfolio transfer of its UK branch to independent re/insurance legacy specialist Compre. The transaction, which was signed last December and also included the non-life run-off portfolio of Generali’s U.S branch, was structured as an upfront reinsurance solution by ... Read the full article
Compre appoints QBE’s Simon Hawkins as COO
11th May 2018
Compre, the independent European re/insurance legacy acquirer, has announced that QBE’s Simon Hawkins is to join the company as Group Chief Operating Officer (COO). Hawkins is currently Group Head of Retrospective Solutions at QBE, and is expected to take up his new position at Compre in the third quarter of 2018, ... Read the full article
Compre appoints Bridger and Lawson as joint CEOs
11th April 2018
Independent European legacy acquirer Compre has announced that Will Bridger and Mark Lawson have succeeded Nick Steer to become joint Chief Executive Officers (CEOs) of the company. As co-leaders, Bridger and Lawson will support Compre as it prepares for strong, sustained growth, having exited its third-party servicing business in 2017 and ... Read the full article
Generali to sell €300 million UK & U.S. non-life run-off portfolio to Compre Group
19th December 2017
Generali has entered into an agreement to sell the non-life run-off portfolio of its UK and U.S. branches consisting of about €300 million of liabilities to discontinued business specialists Compre Group. The transaction is structured as an upfront reinsurance solution by way of a Loss Portfolio Transfer for both branches. Legal business ... Read the full article
Compre announces changes to senior leadership
5th December 2017
Legacy specialist re/insurer Compre has announced that Nick Steer, the firm's founding director, will step down as CEO. Tom Colraine, chairman of Compre Group, commented; “the board are delighted to be promoting Will Bridger and Mark Lawson as co-CEO’s. Their joint role plays well to Will and Mark’s respective leadership strengths ... Read the full article
Compre to acquire assumed non-life reinsurance portfolio from Allianz Versicherungs
16th November 2017
Compre, the insurance and reinsurance legacy specialist, has announced its seventh acquisition of the year, agreeing to purchase a portfolio of assumed non-life reinsurance business from Allianz Versicherungs. Originally, the business was underwritten by Vereinte Versicherung AG and its legal predecessors, and has been discontinued since the late 1990s. The transaction fee ... Read the full article
Compre acquires AXA Insurance run-off legacy portfolio
4th September 2017
Re/insurance legacy specialist Compre has acquired a legacy portfolio of re/insurance in run-off from AXA Insurance for an undisclosed sum. The portfolio was initially underwritten by RW Gibbon & Son between 1962-1964; it's the 26th portfolio deal completed by Compre to date. Nick Steer, CEO of Compre, said; “I am extremely pleased ... Read the full article
Compre sets up Malta PCC for legacy deals
3rd July 2017
Independent insurance and reinsurance legacy or run-off transaction specialist Compre has established a protected cell company (PCC) in Malta, which it intends to use for transactions involving portfolios of discontinued non-life insurance and reinsurance business. Compre said this morning that it has received approval from the Maltese Financial Services Authority (“MFSA”) ... Read the full article
Compre completes another run-off acquistion
25th January 2017
Compre, the insurance and reinsurance legacy specialist has announced another run-off acquisition for 2017, acquiring Wüstenrot & Württembergische (W&W) AG’s Ridgwell Fox & Partners (RFP) pool legacy reinsurance business. Nick Steer, Chief Executive Officer (CEO) of Compre, said he was pleased the firm had completed its third deal "involving a German ... Read the full article
Compre in second run-off acquisition of 2017 with Swiss Re
18th January 2017
Independent insurance and reinsurance legacy specialist, Compre, has announced its second acquisition of the year, providing a legacy solution to global reinsurer Swiss Re. Compre announced earlier this month that it had acquired the run-off re/insurance business of the UK branch of AG Insurance SA, and now the legacy specialist has announced its ... Read the full article
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