Compre, the international specialist legacy group, has appointed Brid Reynolds as group chief risk officer.

Ms Reynolds joins Compre immediately and, subject to regulatory approvals, she will assume the role in Bermuda.

Compre said Ms Reynolds joins from QBE where she was most recently vice-president and, head of capital, management, and regulatory reporting.

Prior to QBE, she served as principal, insurance supervision at the Bermuda Monetary Authority.

A chartered accountant by profession, Compre said Ms Reynolds has 17 years of market experience in several management roles across public accounting firms, insurance regulatory bodies and the insurance industry.

At Compre, she will be responsible for the oversight and development of risk functions globally, initially reporting to Simon Hawkins, group chief operating officer.

Mr Hawkins said: “Brid brings a wealth of experience to Compre, and our expanding Bermuda team. Her expertise will help enable our significant expansion aspirations through leading our global risk framework.

“She will also advise us as a business partner on all transaction activity and its associated risk appetite and tolerance which is part of our new value creation strategy. I am very pleased to welcome her to the team.”

Ms Reynolds said: “Compre has built a leading reputation as a global legacy player, and I am delighted to join them during this exciting and deal-driven environment.

“Following the launch of their Bermuda operation last year, I look forward to working with the team to enhance their run-off capability and client-centric approach to the US run-off market.”

Compre said it is a leading legacy specialist with more than 30 years of experience in the acquisition and management of discontinued and legacy non-life insurance and reinsurance business.

The company has experience of acquiring most classes of direct and reinsurance business, including general liability, marine and motor liability, and US APH.

Compre has operations in Bermuda, Finland, Germany, Malta, Switzerland, the United Kingdom and at Lloyd’s.