Compre enters European medmal with EUR200mn German LPT deal
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Compre enters European medmal with EUR200mn German LPT deal

Luke Harrison
15 August 2022
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Legacy carrier Compre has acquired the hospital liability (medmal) portfolio – with technical liabilities of EUR200mn ($205mn) – of German insurer Basler, a unit of the Baloise Group.

The portfolio consists mainly of underwriting years 2004-2018 and has been in run-off for several years.

The LPT is expected to close this year, and the portfolio will be transferred in its entirety to Compre’s Finnish subsidiary Bothnia International Insurance...

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Luke Harrison
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