Compre
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Robert Margetts becomes the latest senior departure from Compre, following the exit of chief development officer Eleni Iacovides. -
David Presley joins Compre while the legacy carrier is targeting expansion in the US.
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The executive joined the legacy specialist in June 2020.
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Brid Reynolds will be responsible for the oversight and development of risk functions globally.
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The legacy carrier has also recruited former Axa Belgium chief Frank Koster.
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Connie Tregidga and Marialuisa Petrella are both qualified lawyers.
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Competition has ramped up over the last two years and now represents a threat to returns.
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Apollo Syndicate Management will manage the new 1994, which starts out with $125mn of net reserves.
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The new launch will be managed under an Apollo turnkey, and looks set to take on run-off liabilities from the Lloyd’s carrier.
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It is understood the book will be reinsured to close into Compre’s new legacy syndicate once the launch is approved.
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The move follows Axa LM's decision to cease bidding for new external deals, revealed in September last year.
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The new role for the former head of M&A is a strong signal that plans for a Lloyd’s platform are advancing.
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