Compre Announces Bridger & Lawson to Become Co-CEOs, Succeeding Steer

Compre, the independent insurance and reinsurance legacy specialist, announced that Nick Steer, a founding director, will step down as group CEO in March 2018. He will remain within the group as non-executive deputy chairman, advising on future acquisitions.

Will Bridger, managing director of acquisitions, and Mark Lawson, group actuarial director, will, subject to relevant regulatory approvals, jointly take on the role as co-CEOs.

Their combined complementary skills will ensure the continued successful expansion of the business and future development of group strategy, said Compre in a statement.

In addition, from Jan. 1, 2018, Philipp Kleyser will be appointed to the group in Germany in a new business role and will become a director of its reinsurance subsidiary, Hamburger Internationale Rückversicherung-AG. He joins from EY where, as executive director, he provided transaction and restructuring advisory support for the insurance industry in Germany and Europe.

“Next March I will have been with the business for 32 years and CEO for the last nine. During that time, the group has completed 11 company and 27 portfolio acquisitions in 11 different countries across Europe,” said Steer.

“It has grown to be a well-respected and trusted acquirer of non-life insurance and reinsurance legacy business,” he added. “I feel now is the right time to step back as CEO and let the team, under new leadership, build on the very stable platform and take the business forward. I look forward to contributing to the continued success of the business in my new role.”

Tom Colraine, chairman of Compre Group, said: “We are very grateful to Nick for his leadership over many years, and are pleased to have his continued involvement as deputy chairman.”

Source: Compre Group