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26 June 2023Insurance

Compre amps up actuarial prowess with key hires post $1.3bn SiriusPoint deal

Bermuda-headquartered international legacy group  Compre has tapped the expertise of OdysseyRe and PwC to strengthen its actuarial and analytical capabilities. The strategic move comes in the wake of the group’s substantial loss portfolio transfer of a SiriusPoint portfolio, in which  Compre assumed $1.3 billion of reserves.

Compre has appointed Jennie Earis (pictured up) as chief reserving actuary, and Kunal Shrivastava (pictured bottom) as head of analytics, effective immediately.

Earis brings 15 years of legacy market reserving and M&A experience to Compre. She was previously an associate director at PwC.

Shrivastava joins from OdysseyRe, where he served as senior pricing actuary & data scientist with a focus on delivering innovation in underwriting. Prior to that, he was a pricing actuary at Allianz Global Corporate & Specialty, a pricing actuary at Beazley and before that he worked for Legal & General as a senior pricing analyst.

Both will support the continued growth of Compre, particularly following the group’s significant loss portfolio transfer of a SiriusPoint Ltd. portfolio, in which Compre assumed $1.3bn of reserves.

Mark Lawson, group chief actuary, Compre said: “We are delighted to welcome Jennie and Kunal, both of whom bring exactly the kind of proven actuarial and analytical skills needed by Compre as it continues to grow. They will bring more bandwidth, focus and sophistication to the business, especially as it develops further areas of specialism. They will help deliver deeper and faster insights into key risk and value drivers in the reserves and strengthen our ability to take positive, proactive actions against those, ultimately resulting in better risk, balance sheet and P&L performance and management.”

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More on this story

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22 May 2023   The deal is underwritten by Compre’s class 3B reinsurer Pallas Re.
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11 July 2023   Compre has recently completed a $1.3bn reinsurance loss portfolio transfer deal with SiriusPoint.
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21 August 2023   The legacy insurer has moved its US HQ to accommodate seven new hires.