SiriusPoint and Compre complete reinsurance LPT
Updated: Jul 03, 2023 09:00 PM
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world (File photograph)
Two Bermuda headquartered companies have partnered on a second, significant ground-up loss portfolio transfer of a diversified portfolio of primarily reinsurance business.
The global underwriter SiriusPoint Ltd., and Compre, the international legacy group, today announced the completion of the transaction.
Compre has assumed approximately $1.3 billion of reserves and the LPT has been underwritten by Compre’s class 3B Bermudian reinsurer, Pallas Reinsurance Company Ltd.
The portfolio comprises several classes of business from 2021 and prior underwriting years.
SiriusPoint retains claims handling authority on ongoing business.
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Published July 03, 2023 at 12:47 pm (Updated July 03, 2023 at 9:00 pm)
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