Compre, the independent legacy specialist, today announces it has signed agreements to transfer an inwards reinsurance portfolio from AG Insurance SA for an undisclosed sum.
The Belgian insurer’s portfolio comprises business in run-off across a range of lines and territories, predominantly US. The transaction, which is subject to approval by the National Bank of Belgium, is Compre’s second with AG, after it acquired AG’s UK branch business in January 2017.
Will Bridger, CEO of Compre, said: “I am extremely pleased to announce the conclusion of our second transaction with AG Insurance SA. Compre has delivered finality across a variety of jurisdictions for this highly reputable and long-established business, further highlighting our excellent reputation among large European insurance groups.”