Dublin
12 June 2017
Reporter: Becky Butcher

Compre agrees first captive acquisition


Compre has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin.

The captive, based in Ireland, insured the activities of SNC-Lavalin’s business in France from 2008 until December last year, when the subsidiary was sold.

The deal marks the company’s first captive purchase and its first transaction in Ireland.

Terms of the transaction are confidential and the completion is subject to regulatory approval from the Central Bank of Ireland.

Commenting on the acquisition Nick Steer, CEO of Compre, said: “I am delighted to announce this latest acquisition, our fourth this year, from a leading group in its field. This is our eleventh company acquisition, which highlights Compre’s technical and creative ability to meet the spectrum of legacy owner needs and to address the issues some entities now face as Solvency II pressures come to the surface.”

He added: “It is further proof of our excellent reputation in the legacy field and Compre is in a strong position and looking forward to further transactions this year and beyond.”

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Aggregated losses from catastrophes to reach $100bn, says WTW report
20 October 2017 | London | Reporter: Barney Dixon
The ILS market is ready to deal with the increasing rate of natural disasters, despite the fact that aggregate losses from catastrophes in Q3 2017 are likely to reach $100 billion, according to a market update from WTW Securities
EU-US Covered Agreement a ‘good step’, says A.M. Best
19 October 2017 | London | Reporter: Becky Butcher
The signing of the EU-US Covered Agreement is a “good step” for EU and US reinsurers, but full implementation could take up to five years, according to A.M. Best
Apex expands offering outside of Bermuda
18 October 2017 | Hamilton | Reporter: Jenna Lomax
Apex Group will be managing the move through its newly rebranded Apex Insurance Fund Services, formerly known as Equinoxe Alternative Investment Services
UK’s ILS legislation to be in place for January renewals
17 October 2017 | London | Reporter: Jenna Lomax
Malcolm Newman, CEO of Scor’s London hub and sponsor of the London Market Group’s (LMG) ILS Taskforce is “cognisant of the time pressures if ILS applications are to be made in time for 1 January renewals”
Centaur Fund Services adds ILS head
16 October 2017 | Bermuda | Reporter: Becky Butcher
Centaur Fund Services has appointed IC Condat as its head of insurance linked-securities (ILS), based in the firm’s Bermuda office
Roundstone and HUB team up on captive programme
16 October 2017 | Ohio | Reporter: Becky Butcher
Roundstone Management and HUB International have partnered up to create self-funded medical captive programmes
Sun Life and Pareto launch stop-loss group captive
13 October 2017 | Massachusetts | Reporter: Becky Butcher
Sun Life and Pareto Captive Services have teamed up to establish a new stop-loss group captive solution, Legend Re