22/02/21
Compre, the international specialist legacy group, today announces the completion of its second Lloyd’s transaction, the reinsurance to close (RITC) of Syndicate 3330’s 2018 year of account into its recently established Lloyd’s Syndicate 1994, managed by Apollo, and the purchase of AXA DBIO II’s Corporate Member (subject to Lloyd’s approval).
The transaction will see Compre acquire the Sportscover portfolio written between 2006 and 2014 in Australia, Canada, the UK and Ireland, which provided accident, property, liability and related D&O and professional indemnity cover to amateur sports organisations. Syndicate 3330 is mainly backed by capital provided by AXA DBIO II, with Coverys acting as the managing agent and AXA Liabilities Managers (AXA LM) acting as run off managers.
Rob Margetts, Head of Lloyd’s at Compre, said: “I am very pleased that Coverys and AXA LM have selected Compre as their partner for this deal. With this second RITC, we demonstrate our commitment to the Lloyd’s legacy market and the value our legacy solutions can add to syndicates and managing agents. The deal is also testament to Compre’s expertise in deal execution and our team’s outstanding reputation in the run-off space.”
22/02/21 Compre completes second Lloyd’s RITC with Coverys – AXA LM syndicate
15/02/21 Compre establishes Lloyd’s syndicate and completes Apollo RITC
30/11/20 Compre targets future growth with Cinven and BCI backing
14/10/20 Compre completes first US transaction and senior Bermuda hire
12/10/20 Compre strengthens board for further growth
15/09/20 Compre announces capital raise
02/07/20 Compre signs further legacy transaction with QBE
24/06/20 Compre announces approval of Class 3A reinsurer in Bermuda
07/11/19 Compre acquires further legacy portfolio from AG Insurance
11/05/18 Hawkins to join Compre as COO
11/04/18 Compre strebt unter der Leitung von Bridger und Lawson nach mehr Wachstum
12/12/17 Compre Completes Eighth Acquisition of 2017 and its Largest to Date
04/12/17 Compre Announces Succession Management Changes
16/11/17 Compre Announces Seventh Acquisition of 2017
04/09/17 Compre Announces Sixth Acquisition of the Year
21/08/17 Compre Completes Fifth Acquisition of the Year
03/07/17 Compre Launches Maltese Insurance Company
12/06/17 Compre Confirms Fourth Acquisition of 2017
23/01/17 Compre Announces Third Acquisition This Year