Compre
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The CEO also discussed the need for portfolio diversification.
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Major deals include a $1.3bn loss portfolio transfer with SiriusPoint.
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Love joins from Scor, where she was assistant vice president, insurance operations.
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He has spent more than six years at the legacy firm in various senior claims roles.
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The outgoing NA CEO joined the legacy carrier in 2022.
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The legacy carrier has acquired two portfolios of European casualty and motor liabilities from two separate insurance groups.
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He will be responsible for driving the use of technology and data across the business.
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The market has suffered from a glut of capital, and a number of structural features that make winning hard.
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The portfolio comprises of large deductible and guaranteed-cost workers’ compensation policies.
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Last week, SiriusPoint and Compre signed an LPT deal covering $1.3bn of reserves.
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The deal is the latest incidence of bumper transaction size in the legacy space.
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The business is being advised on the potential transactions by Howden.
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