Compre completes acquisition of Covéa subsidiary
Legacy carrier Compre has completed its acquisition of Covéa’s Irish subsidiary, which entered into run-off in 2015.
Medical Insurance Company DAC (MIC) provided insurance policies covering professional medical malpractice risks.
Compre said the completion of this complex, cross-border transaction represents a further significant step in the build out of the company’s centre of excellence for medical malpractice in Europe, and follows the approved legal transfer of a portfolio of French medical malpractice liabilities from another European insurer in July 2023.
Simon Hawkins, CEO Europe said: “I am delighted to announce the completion of this transaction following regulatory approval, and I’d like to thank the Covéa and MIC teams for their ongoing collaboration. This transaction further demonstrates our client-focused approach to supporting our partners in achieving their restructuring objectives.”
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