Compre creates global claims function

Legacy re/insurer Compre has created a global claims and operations function to enable it to offer solutions for its client. 

It will be led by Simon Hawkins, CEO – Europe, who has been promoted to the newly created role of executive managing director – 0perations. Separately, David Presley, CEO – North America, who joined Compre in 2022 to build its US presence, has left the business.  

The Bermuda-based company said it was creating the function in the wake of a successful 2023 in which it completed four transactions, including its largest ever with SiriusPoint.  

"The consolidation within a global function will ensure Compre continues to deliver best in class management of its portfolios and offer the best solutions for its clients globally," the company said. 

Will Bridger, Compre group CEO, said: “I am delighted that Simon has agreed to lead our Global Claims and Operations function. As we build on our successes of 2023 in our core markets in Europe, the USA and Lloyd’s through the disciplined underwriting of retrospective reinsurance solutions, the new structure will allow us to continue to deliver best in class processing, automation and handling of our portfolios. Simon will work closely with Dan Fiehn, COO in driving automation and new technology through our business over the coming years. 

"My thanks to David for his contribution to Compre. Having built our excellent team in the US, we wish him well for the future.”