Compre, the international specialist legacy group with operations in Bermuda, has appointed Zameer Mitha to the newly created role of chief actuary, North America.

He will be based in London and report to group chief actuary Mark Lawson.

Mr Mitha, who will also spend some of his time in Bermuda, will be responsible for transaction pricing, reserving and actuarial reporting activities for Compre’s North America platform.

Davin Patel, head of actuarial for Europe and Lloyd’s, will continue to oversee pricing, reserving and reporting activities for Compre’s European and Lloyd’s platforms.

The company said Mr Mitha had more than 17 years of industry experience in actuarial reserving and pricing, underwriting, strategy and transformation across North America, the United Kingdom, Europe and Middle East regions.

He joins Compre from ArgoGlobal, where he spent ten years in various roles, most recently as head of transformation and interim head of Europe, which included leading the sale of a portion of Argo’s legacy business.

Mr Lawson said: “I am extremely pleased to welcome Zameer to Compre. He will be a great asset to our actuarial team. His extensive experience will be enormously beneficial, not least his sell-side perspective, which will be invaluable in the delivery of bespoke solutions to our clients. I look forward to working with him as we further develop our North American business, a core market for Compre.”

Compre has 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 UK and at Lloyd’s.