Compre Group Holdings Limited (“Compre”), the Bermuda-domiciled international specialty reinsurance group, today announced a strategic transaction to assume a material portfolio of asbestos insurance liabilities from Amerisure. The transaction, involving the transfer of a material block of legacy reserves, further reinforces Compre’s position as a trusted partner in the management of complex, long-tail insurance exposures.

Rachel Bardon, Chief Underwriting Officer, Compre Group, said: “We are proud to deliver a solution that creates tangible capital and operational benefits for our clients. Asbestos liabilities require specialist expertise and long-term commitment. This transaction demonstrates our disciplined underwriting approach and ability to structure solutions that provide certainty, stability and efficiency for our partners.”

“This agreement is a proactive step to resolve legacy asbestos exposure, reduce future volatility, and further enhance our long term financial strength,” says Chris Spaude, Chief Financial Officer, Amerisure. “With this action, Amerisure can further focus our capital, leadership, and operational efforts on continued delivery of industry-leading service supporting our agents and policyholders.”

Under the terms of the agreement, Compre will assume responsibility for the identified asbestos liabilities and responsibility for the management of all associated claims. The transaction highlights the growing demand for legacy solutions that unlock capital, reduce operational complexity, and provide long-term certainty for insurers seeking to optimise their portfolios.

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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