Compre continues to build MedMal specialism
Compre, the Bermuda headquartered international legacy group, has received regulatory approval to acquire the French medical malpractice (MedMal) portfolio from a European based insurer for an undisclosed sum.
The deal, structured as a loss portfolio transfer to be followed by a legal transfer, was brokered by Guy Carpenter. The portfolio contains legacy, live and prospective risks through 2023.
Simon Hawkins, chief executive officer Europe at Compre, said: “We worked closely with the insurer to ensure the structure optimises capital release and provides operational finality. This transaction further demonstrates our client-focused approach, which ensured our client’s objectives were realised, and our commitment to building a centre of excellence for MedMal in Europe.”
Compre has over 30 years of experience in the acquisition and management of discontinued and legacy non-life insurance and reinsurance business. It has experience of acquiring most classes of direct and reinsurance business, including general liability, marine and motor liability, and US APH. It has operations in Bermuda, Finland, Germany, Malta, Switzerland, the UK, the US and at Lloyd’s of London.
