Compre agrees its fourth acquisition for 2016
Compre has acquired Allianz IARD’s Rigwell Fox & Partners (RFP) pool legacy reinsurance business for an undisclosed sum.
The deal comes after Compre’s March acquisition of QBE’s RFP reinsurance business.
RFP is a reinsurance pool containing run-off liabilities of Allianz IARD and five other carriers.
Nick Steer, CEO of Compre, said: “I am extremely pleased to announce our fourth acquisition of the year, which highlights the increased appetite in Europe for legacy services.”
“[The transaction] also underlines our ability to provide complete finality for complex pool arrangements and we hope to complete further transactions of this type during 2016.”
