24/06/20
Compre, the independent specialist legacy acquirer, today announces it has received regulatory approval in principle from the Bermuda Monetary Authority (“BMA”) to establish a Class 3A reinsurer on the island. Compre will work with the BMA to finalise the registration and licensing of the reinsurer in the coming weeks.
The platform will greatly enhance Compre’s ability to access the vast potential for growth in North America and is consistent with the Group’s plans for strategic expansion into the US and Lloyd’s legacy markets.
Will Bridger, CEO, Compre said: “It gives me great pleasure to announce the formation of our Bermuda hub, which will significantly extend Compre’s long-established operations in our traditional European heartland. With around half of the estimated global legacy liabilities of US$750 billion residing in the US, our Bermuda operation will allow us to bring our legacy expertise and a highly credible and client-centric approach to the US run-off market.”
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
20/12/18 Compre receives regulatory approval for Generali legacy transaction
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