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Press release – 30 June
Compre redomiciles to Bermuda and appoints CEO-Europe
Compre, the international specialist legacy group, today announces its group holding company has redomiciled to Bermuda and, from 1st July 2022, the group will be supervised and authorised by the Bermuda Monetary Authority (“BMA”).
The move to Bermuda is the culmination of Compre’s diversification strategy to broaden its market focus from Continental Europe to include Lloyd’s of London and North American legacy markets.
Simultaneously, Simon Hawkins, group COO, Compre has been appointed to the newly-created role of CEO – Europe, effective from 1st July 2022. Hawkins’ responsibilities will include business development and building Compre’s long-term client relationships across its core European, Lloyd’s and UK markets. His appointment follows that of David Presley’s as CEO – North America, in April, giving Compre two divisional CEOs with responsibility for developing the business in these respective jurisdictions.
Will Bridger, group chief executive officer of Compre, said: “Our move to Bermuda is a further milestone for Compre and reflects the broader international nature and expertise of our organisation, the jurisdiction of the insurance liabilities on our balance sheet and the concentration of business within geographic risk-bearing entities. Our thanks to the Malta Financial Services Authority for their support over the past five years and we look forward to working closely with the BMA as our business grows across our markets.
“I am also delighted to announce Simon Hawkins’ appointment to the new role of CEO – Europe. To date, as group COO, Simon’s role has been focused on building and developing our operating platform. In his new role he will be market facing, focussing on client and business development and building our strong client-service focus as we execute legacy deals in Europe and Lloyd’s.”
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For further information please contact:
David Haggie / Richard Adams / Olivia Thomson, Haggie Partners
+44 20 7562 4444
Compre is a leading legacy specialist with over 30 years of experience in the acquisition and management of discontinued and legacy non-life insurance and reinsurance business. Compre has experience of acquiring most classes of direct and reinsurance business, including general liability, marine and motor liability, and US APH. Compre has operations in Bermuda, Finland, Germany, Malta, Switzerland, UK, the US and at Lloyd’s of London.