Specialist legacy acquirer Compre has appointed Anson Aguiar as chief underwriting officer of Pallas Reinsurance Company (Pallas Re), Compre’s recently-launched class 3A Bermudian reinsurer.
Aguiar joins Pallas Re from Randall & Quilter Investment Holdings (R&Q), where he served as senior vice president, legacy merger and acquisitions.
He brings 14 years of experience in the US casualty market, having spent much of his career at AIG.
Compre also announced the completion of its first US transaction.
Although specific details of the transaction were not disclosed, Compre revealed that it involved a ground-up loss portfolio transfer for risks underwritten in the last two years.
Tiger Risk was the broker on the transaction and Compre was advised by New York law firm Gerber Ciano Kelly Brady and PwC.
Will Bridger, Compre CEO said: “I am delighted to announce these strategic milestones for Compre and particularly our Bermuda reinsurer, Pallas Re.”
“We are extremely well-positioned to continue to grow our North American business at an exciting time for the market. With extensive US casualty experience, Anson Aguiar will be a tremendous asset in spearheading Compre’s development in North America and bringing our highly credible and client-centric proposition to this important market,” he added.