Compre acquires Covéa’s US subsidiary
Created: Apr 16, 2025 06:42 PM (Updated: Apr 16, 2025 09:48 PM)
Specialty reinsurer Compre Group Holdings Ltd has finalised its acquisition of the CSE Group, a US subsidiary of French mutual insurance group Covéa.
The CSE Group consists of two California-domiciled personal lines insurance carriers that stopped underwriting new business in 2024. This transaction is the second between Bermudian-based Compre and Covéa, following Compre's acquisition of Covéa’s Irish subsidiary, Medical Insurance Company DAC, in September 2023.
Compre specialises in the acquisition and management of discontinued and legacy non-life insurance and reinsurance portfolios. Besides Bermuda, the company operates in Finland, Germany, Malta, the US and at Lloyd’s of London.
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Published April 16, 2025 at 6:42 pm (Updated April 16, 2025 at 9:48 pm)
Compre acquires Covéa’s US subsidiary
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