Compre plans capital raise as COVID-19 drives legacy demand

Re/insurance legacy specialist Compre is considering a capital raise in light of the increased legacy activity, further heightened by COVID-19 and the hardening insurance market.

The company said that it is "reviewing options" in relation to raising additional growth capital.

Compre noted that its existing team, led by CEO Will Bridger, will remain unchanged, and current shareholders, private equity firm CBPE Capital, will remain committed to the business and support Compre’s management team.

Bridger said: “Now is the time to invest in the legacy market and it gives me great pleasure to be taking this step in our company’s history at such a promising time for legacy acquirers. Legacy has matured through the years and has become a vital part of the industry’s infrastructure.

"The demand for our solutions has surpassed expectations and Compre is committed to providing bespoke structuring to enable clients to reach their business objectives during this challenging period and beyond.”