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25 February 2018

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Compre agrees Allianz legacy deal

Catrin Shi 16 November 2017

European legacy acquirer Compre has agreed to purchase a portfolio of assumed reinsurance liabilities from Allianz Versicherungs AG for an undisclosed sum.

The business was originally written by Vereinte Versicherung AG, and has been discontinued since the late 1990s.

The size of the portfolio was not disclosed. The Insurance Insider understands the portfolio holds a mix of proportional and non-proportional business.

The legal business transfer has been approved by the German regulator. The deal is Compre's seventh of 2017 and...

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