Compre receives regulatory approval to obtain French malpractice [MedMal] A portfolio of insurance companies based in Europe.
“Compre, a Bermuda-based international heritage group, today announced it received regulatory approval to acquire a French malpractice portfolio from a European-based insurer for an undisclosed amount,” said a spokesperson. Announced.
“Structured as a loss portfolio transfer followed by a legal transfer, this transaction is a significant transaction in support of Compre’s ambition to build a MedMal Center of Excellence in Europe. Includes , live and future risks.This transaction was brokered by Guy Carpenter.”
Simon Hawkins, CEO of Europe, said: We have worked closely with the insurers to ensure that the structure optimizes capital release and provides operational finality.
“This transaction further demonstrates our client-centric approach to ensuring that our clients’ objectives are met and our commitment to building MedMal’s Centers of Excellence in Europe.”
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