Compre Group Holdings Limited (“Compre”), the Bermuda-domiciled international specialty reinsurance group, today announced it has entered into an adverse development cover (“ADC”) transaction with a European-domiciled reinsurance entity, providing protection for a diversified portfolio of motor, engineering and liability business.

The transaction covers an assumed reinsurance book spanning underwriting years 2018 to 2024, with net reserves of approximately £250 million.

The bespoke ADC structure has been designed to deliver capital and earnings protection for the cedant while aligning the interests of both parties over the life of the portfolio. The transaction includes a renewable mechanism that provides optional coverage for future underwriting years.

Rachel Bardon, Chief Underwriting Officer, Compre, commented: “This transaction demonstrates our ability to deliver tailored retrospective capital solutions to reinsurers seeking protection against adverse development while maintaining operational control. We are pleased to support our client with a structure that aligns interests and provides flexibility for the future.”

This transaction further reinforces Compre’s position as a leading provider of structured reinsurance solutions across the European market.

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For further information please contact:

David Haggie / Richard Adams / Olivia Thomson, Haggie Partners

compre@haggiepartners.com

+44 20 7562 4444  

About Compre:

Compre is a global specialty reinsurance group providing capital and liability solutions on a prospective and retrospective basis. For more than 30 years Compre has acquired and managed portfolios across most classes of re/insurance – general liability, marine, motor liability, US APH and others – creating specialist reinsurance solutions and delivering excellence in liability management beyond pure risk transfer. Leveraging this expertise, Compre selectively underwrites prospective reinsurance through a range of specialist covers, including structured, whole account quota share and renewable multi-year treaties. Compre operates in Bermuda, Finland, Germany, Malta, the US, the UK and at Lloyd’s.

www.compre-group.com