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Compre, the independent specialist legacy acquirer, today announces it has completed its first US transaction and has appointed Anson Aguiar as Chief Underwriting Officer of Pallas Reinsurance Company Ltd. (“Pallas Re”), Compre’s recently-launched class 3A Bermudian reinsurer.
Specific details of the transaction are not disclosed but it involves a ground-up loss portfolio transfer for risks underwritten in the last two years.
Aguiar joins Pallas Re from Randall & Quilter Investment Holdings, where he served as Senior Vice President, Legacy M&A. Aguiar brings fourteen years’ experience in the US casualty market, having spent much of his career at AIG. He will play a key role in Compre’s development in the North American legacy market.
Compre CEO Will Bridger said: “I am delighted to announce these strategic milestones for Compre and particularly our Bermudian reinsurer, Pallas Re. We are extremely well positioned to continue to grow our North American business at an exciting time for the market. With extensive US casualty experience, Anson will be a tremendous asset in spearheading Compre’s development in North America and bringing our highly credible and client-centric proposition to this important market.”
Tiger Risk was the broker on the transaction and Compre was advised by New York law firm Gerber Ciano Kelly Brady and PwC.