This timeline highlights the key moments that have shaped the Compre journey.
As we continue to evolve, we remain focused on our core values and meeting the current and future needs of our clients.
Acquired Covéa’s US subsidiary and appointed former CEO John Howard as independent non-executive chairman.
Delivered landmark results, with gross insurance reserves under management growing 112% YoY to $1.6bn by year-end 2023. Announced a major LPT (Loss Portfolio Transfer) with Sirius Point.
Secured shareholder alignment and commitment from Cinven & BCI. Approval of Syndicate 1994 and completion of two RITCs. Raised c.$200m in subordinated Tier 2 debt and redomiciled to Bermuda.
Pallas Re 3B reinsurer approved and first US transaction completed.
First Italian legal transfer with Generali, including international business. Irish legal transfer with PartnerRe and further transactions including Baloise, Hannover Re and AG.
Transactions with Gjensidige, Hannover Re and Allianz signed. Compre forms first legacy focused SE in the UK and redomiciles to Malta.
First MBO – Raising Capital Growth from Milestone Capital Partners to support management investment. Growth capital. from CBPE to support management investment and replace Milestone funding; number of underwriting pool transactions including Ridgwell, Fox & Gibbon
Joint venture with Cargill, Acquires Bothnia International Insurance Company; serves as the primary EU based risk carrier.
Compre was formed in 1991. In 1994, the first run-off company acquisition occurred.