Compre shakes-up top management in growth push

Re/insurance legacy specialist Compre has made a number of management changes, including new chief financial and operations officers, in a move it hopes will position the business for future growth.

The company has hired Ian Patrick as new group chief financial officer (CFO), replacing Simon Hawkins. Patrick will be responsible for driving the growth and financial effectiveness of the group, leading the global finance team and managing investor relations and communications.

Patrick joins Compre from ReAssure, the former Swiss Re-owned life run-off group.

Hawkins, who joined Compre as chief operating officer (COO) in 2018 and then oversaw a restructuring of its finance function in his role as group CFO, will return to his previous role as COO.

Hawkins joined Compre from QBE where he was head of run-off for seven years and led the de-risking and exit process of many of QBE’s legacy portfolios.

Additionally, the company has announced that Rhydian Williams, previously managing director – operations and risk, has retired from the executive management team at Compre. Williams joined Compre as part of the original MBO in 2011 with Will Bridger and Nick Steer, former CEO. He will remain as a non-executive director of Compre’s group holding companies and of several of its risk carriers in Europe and Bermuda.

Bridger, chief executive of Compre, said: “I am delighted to announce these management changes at a key time for Compre and the legacy market. I’d like to welcome Ian to the team and look forward to working with him as we close our capital raising and build Compre through its next evolution.

"My thanks to Simon for his stewardship of the Finance function for nearly 2 years. I am delighted that we have secured such an experienced CFO in Ian allowing Simon to resume his focus on transactions and generating value from our portfolios.

"My thanks also to Rhydian with whom I have worked closely for 10 years. I am delighted that he will continue with the group in a non-Executive capacity.”