Compre
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The portfolio comprises of large deductible and guaranteed-cost workers’ compensation policies. -
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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The legacy specialist has made its second foray into medical professional liability.
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The portfolio consists mainly of underwriting years 2004 to 2018.
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The redomicile is part of a diversification strategy to broaden the carrier’s focus from Continental Europe to Lloyd’s and North America.
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The legacy carrier will use the proceeds to refinance existing debt.
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Robert Margetts becomes the latest senior departure from Compre, following the exit of chief development officer Eleni Iacovides.
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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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