Compre, the London-based independent re/insurance legacy specialist, announced 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 the U.S. 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.
“I am extremely pleased to announce the conclusion of our second transaction with AG Insurance SA,” said Will Bridger, CEO of Compre.
Source: Compre
Related:
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
How Insurers Know When It’s Time to Scale AI 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
