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
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Topics Mergers & Acquisitions
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