Compre Group assumes Amerisure asbestos liabilities in strategic legacy deal

Compre Group has expanded its legacy risk footprint by assuming a significant portfolio of asbestos insurance liabilities from Amerisure, in a move aimed at enhancing capital flexibility and reducing balance sheet volatility for the cedant.

The Bermuda-based reinsurer will assume the liabilities and claims, including a significant block of legacy reserves.

Rachel Bardon, chief underwriting officer of 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.”

Chris Spaude, chief financial officer at Amerisure, added: “This agreement is a proactive step to resolve legacy asbestos exposure, reduce future volatility, and further enhance our long‑term financial strength. 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.”

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