Compre
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The carrier’s US and Europe claims teams will report to Clayden. -
Bill Bouvier has spent more than three years at the legacy firm in this role.
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Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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Renewable retrospective solutions were a key point during the discussion.
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The legacy carrier reported an operating loss of $45.3mn for the year.
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He also joined Everest’s board last week as an independent director.
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The result was impacted by recent adverse development on a liability portfolio.
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The deal covered US and European P&C liabilities for Accelerant's 2020-2021 underwriting years.
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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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In the wake of Enstar's $5.1bn go-private deal, here's our prior deep dive on the firm.
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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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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.
