Compre completes the purchase of two liability portfolios in Europe.
Complete Synonyms : Compre Purchase Of 2 Liability Portfolios
expert in legacy Two European portfolios of motor liability and casualty insurance from unidentified international insurance groups have been acquired by Compre. Regulatory bodies in Europe and Bermuda have given the transaction all the necessary approvals.
Pallas Reinsurance Company Ltd., Compare’s class 3B Bermudian reinsurer, is now able to underwrite reserves worth about €200 million thanks to the acquisition. These reserves are dispersed throughout France, Germany, Italy, and the Netherlands, among other European nations.
The agreement is anticipated to give both client insurance groups involved with economic and operational closure.
With regard to these portfolios, we are thrilled to have helped our clients reach their strategic goals, and we look forward to working to produce a fantastic result.
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for all parties involved, stated Maria Luísa Petrels, director of claims at Compre European.
“After closely collaborating with our clients to develop solutions that satisfy their capital and operational goals, I am ecstatic to announce these additional transactions.
After a fantastic year for Compre in 2023, these transactions show how our clients value our experience in the European liability market, according to Simon Hawkins, CEO of Compre Europe.
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