Compre

Compre agrees workers’ compensation LPT for SUNZ book

US carrier SUNZ Insurance has agreed a loss portfolio transfer of a legacy book of workers’ compensation business with run-off consolidator Compre through its Pallas Re vehicle, in a move that will free up capital to support its growth trajectory.

SiriusPoint LPT cements Compre’s “credibility” as $1bn+ legacy player: Bridger

Compre has crystallised its position as a top-tier run-off player following its $1.3bn loss portfolio transfer with SiriusPoint as the legacy market prepares to transact more “mega deals” with reserves of over $1bn, CEO Will Bridger has said.

CEO Egan: $1.3bn LPT gives SiriusPoint flexibility to allocate capital to opportunities

SiriusPoint CEO Scott Egan has said the $1.3bn LPT announced with Compre this morning validates his firm’s reserving strategy and crucially brings “finality” to its international cat exposure, with the deal including recognition of $100mn in reserve redundancy on the portfolio.

SiriusPoint confirms $1.3bn LPT with Compre covering int’l, Lloyd’s business

Bermuda (re)insurer SiriusPoint has signed an agreement for an approximately $1.3bn ground-up loss portfolio transfer (LPT) with Compre, in a move first revealed by this publication last month.

Compre and RiverStone exploring sidecars in 2023 as legacy competition intensifies

Private equity-backed run-off specialists Compre and RiverStone International are both exploring the launch of sidecars to support their growth ambitions as the competition for discontinued and back-year P&C portfolios builds this year, The Insurer can reveal.

Compre continues European medmal build-out with deal for Covéa Irish subsidiary

Compre has continued to build out its European medical malpractice legacy portfolio with the acquisition of Medical Insurance Company DAC (MIC).

Compre adds RiverStone’s Bouvier as North American claims director

Legacy specialist Compre has appointed Bill Bouvier as claims director for North America.

Ex-Acrisure Re and Enstar legacy specialist Zisaruk joins Compre

Run-off specialist Compre has appointed Jonathan Zisaruk to the newly created role of executive director – capital, planning and projects.

Compre builds medmal specialism with second portfolio acquisition

Legacy specialist Compre has acquired the French medical malpractice portfolio from a European insurer for an undisclosed sum.

Compre enters European medmal sector with €200mn LPT

Legacy specialist Compre has acquired a hospital liability MedMal portfolio with technical reserves of €200mn from German insurer Basler Sachversicherungs-AG (Basler), a subsidiary of the Baloise Group.

Compre moves holding company to Bermuda

Compre is to redomicile its group holding company to Bermuda from 1 July.

Compre raises ~$200mn in debt as eyes further growth

Legacy specialist Compre has raised around $200mn of subordinated tier 2 debt in two tranches from a group of institutional investors.

Compre names Swiss Re’s Presley as North America CEO

Legacy specialist Compre has appointed David Presley to the newly created role of North America CEO.

Compre’s Eleni Iacovides to exit

Legacy acquirer Compre has parted ways with its chief development officer Eleni Iacovides, The Insurer can reveal.

MS Amlin closing in on split RITC for Lloyd’s legacy book

MS Amlin is closing in on a pioneering split-syndicate reinsurance to close (RITC) for parts of Syndicate 2001’s 2019 and prior years of account.

SiriusPoint completes $417mn legacy deal with Compre

SiriusPoint and Compre have completed a previously agreed deal that will see the Bermudian reinsurer transfer a $417mn book of legacy liabilities to the run-off specialist.

Compre hires QBE’s Reynolds as group CRO in Bermuda

Compre has appointed Brid Reynolds as group chief risk officer in Bermuda.

Compre portfolio focus skews to US as eyes continued North America growth

Run-off specialist Compre is looking to make further inroads into the North American legacy market as it “sets out its stall” to focus on mid-market accounts, the firm’s chief executive has said.

SiriusPoint agrees $417mn legacy transfer deal with Compre

SiriusPoint has agreed a deal to transfer a $417mn book of legacy liabilities to run-off specialist Compre in a transaction that chairman and CEO Sid Sankaran said will allow the Bermudian (re)insurer to redeploy capital to support strategic growth.

Compre names former PartnerRe CEO Clarke as chair

Compre has added former PartnerRe CEO Emmanuel Clarke to its board as chairman following the completion of the legacy specialist’s acquisition by private equity firm Cinven and British Columbia Investment Management Corporation (BCI).

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