Compre Group Holdings Limited (‘Compre’), the Bermuda-domiciled international speciality reinsurance group, today announces it has renewed its Renewable Loss Portfolio Transfer agreement with French insurer Wakam S.A. (‘Wakam’).

The original transaction between Compre and Wakam completed in 2025 and covered approximately €140 million of reserves as at 31 December 2024, relating primarily to UK and French motor and property insurance liabilities for 2024 and prior.

The renewed LPT covers €126.5 million of net undiscounted reserves as at 31 December 2025, with a further accident year added to the reinsurance coverage under the parties’ annual renewal framework. The agreement provides Wakam with continued access to Compre’s specialist legacy and capital solutions expertise demonstrating the flexibility of the Renewable LPT structure to support clients as their requirements evolve.

The transaction is the first renewal under the Renewable LPT mechanism, representing an important evolution in Compre’s reinsurance proposition while demonstrating its ability to deliver tailored solutions in an ongoing partnership.

The renewal further reinforces Compre’s position as a specialist partner for insurers seeking to actively manage legacy liabilities and optimise their capital, providing solutions across the risk lifecycle and demonstrates both the repeatability of the solution structure and confidence in Compre’s ability to deliver tailored solutions in this ongoing partnership.

Will Bridger, CEO of Compre, said: “Renewing our agreement with Wakam is further progress for Compre and a strong endorsement of our ability to deliver capital and liability solutions that meet the evolving needs of our clients. The addition of a further accident year under our annual renewal framework demonstrates the value of the partnership we have built with Wakam. We look forward to continuing to build on this relationship and to further developing our reinsurance offering.”

Catherine Charrier-Leflaive, Group CEO of Wakam, said: “Renewing with Compre turns a transaction into a partnership. Adding a further accident year under the annual framework keeps our balance sheet clean and our capital and teams focused on what matters most: scaling our Play & Plug® platform for our distribution partners across Europe. This first renewal proves the structure is repeatable — smart capital management, year after year, clearing the path for Wakam to build the insurance infrastructure of tomorrow.”

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For further information please contact:

Compre
David Haggie / Richard Adams / Olivia Thomson / Ellie Livingstone, Haggie Partners
+44 20 7562 4444
compre@haggiepartners.com

Wakam
Bérangère Monnet – Senior Operational Marketing & Communication Specialist, Wakam
+33 (0)1 86 76 73 13
berangere.monnet@wakam.com

Antoine Mathot – Pattern Strategy
+33 6 70 54 19 20
antoine.mathot@pattern-strategy.fr

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

About Wakam:

Wakam is a European B2B2C insurer crafting tailor-made insurance solutions for its distribution partners. Wakam designs and operates white-label insurance products, directly embedded into its partners’ customer journeys. Thanks to open APIs and its advanced Play & Plug® technology platform, Wakam can co-create an insurance solution and deploy it across Europe in a very short timeframe. As a European leader in the embedded insurance market, Wakam operates in 30 countries, with a subsidiary in the United Kingdom, and wrote around 510 million euros of premiums through Wakam S.A. and 174 million pounds through Wakam UK Ltd in 2025 — around two-thirds of which was generated outside France.