Compre Group Holdings Limited (“Compre”), the Bermuda-domiciled international specialty reinsurance group, today announces that, subject to regulatory approval, it has reached agreement on a retrospective structured adverse development cover (“ADC”) transaction with a Lloyd’s syndicate, supporting the syndicate’s ongoing capital management and earnings volatility objectives.

The transaction covers the syndicate’s 2023 and prior Years of Account on a whole account basis, spanning a multi-line portfolio of property and casualty business and assumed reinsurance, with subject reserves of approximately £200 million.

The bespoke structure has been designed to provide the syndicate with greater certainty around adverse development while supporting effective balance sheet management and capital optimisation. It incorporates a variable premium structure, alongside the retention of assets and investment income by the syndicate, allowing the structure to be aligned with the client’s evolving capital and balance sheet requirements.

No claims administration will transfer as part of the transaction, with the syndicate retaining responsibility for the ongoing management and administration of the underlying claims. Importantly, the transaction has been structured with a renewable element, creating the potential for the arrangement to provide an ongoing capital management solution rather than a one-off transaction. The next renewal is expected to be considered in Q1 2027, with the structure designed to be reviewed annually thereafter.

Rachel Bardon, Chief Underwriting Officer at Compre, said: “This transaction is a strong example of how we are continuing to evolve our retrospective proposition to meet clients’ changing capital and balance sheet needs. By combining our expertise in structured reinsurance with a renewable approach, we can provide a solution that addresses earnings volatility and supports capital optimisation while allowing the client to retain its assets and claims administration. The recurring nature of the structure also reflects the value of building longer-term partnerships with clients, rather than viewing retrospective reinsurance as a one-off transaction.”

The transaction further demonstrates Compre’s ability to deliver bespoke capital and liability solutions across the full risk lifecycle, combining specialist underwriting, actuarial and claims expertise with a disciplined approach to capital management.

– Ends –

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