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Compre Group Holdings Limited announced on 16 April 2025 the completion of its acquisition of the CSE Group. The CSE Group is a US subsidiary of Covéa, comprising two California-domiciled personal lines insurance carriers. These carriers ceased to underwrite new business in 2024, and this marks the second transaction between Covéa and Compre.
| Date | 16 Apr 2025 |
| Time | 09:00:00 |
| Category | Miscellaneous |
| ID | 2547F |
16 April 2025
Compre acquires Covéa US subsidiary
Compre Group Holdings Limited ("Compre"), the Bermuda-domiciled global specialty reinsurance group, today announces the completion of its acquisition of the CSE Group, a US subsidiary of Covéa.
The CSE Group includes two California-domiciled personal lines insurance carriers which ceased to underwrite new business in 2024. This is the second transaction between Covéa and Compre, reinforcing Compre's commitment to the US market.
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For further information please contact:
Compre
David Haggie / Richard Adams / Olivia Thomson, Haggie Partners
+44 20 7562 4444
About Compre:
Compre is a global specialty reinsurer providing capital and liability solutions for its clients giving certainty to prior year development. It has over 30 years of experience in the acquisition and management of discontinued and prior year non-life insurance and reinsurance portfolios. Compre has experience of acquiring most classes of direct and reinsurance business, including general liability, marine and motor liability, and US APH and workers' compensation. Compre has operations in Bermuda, Finland, Germany, Malta, the UK, the USA and at Lloyd's of London. www.compre-group.com