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.
Ex-Meta Staffer Says 99% of Teens Shunned Early Safety Tool 
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
How One Florida Gas Station Worker Allegedly Defrauded Progressive of $44,700 
OpenAI Report Says Its Network Was Hacked by Its Own Rogue AI Agents 
