Compre completes takeover of Irish medmal insurer
Compre, the Bermuda-headquartered international legacy group, has completed its acquisition of the Irish subsidiary of Covéa, Medical Insurance Company DAC, which provided insurance policies covering professional medical malpractice risks.
MIC entered into run-off in 2015.
The company said the completion of the complex, cross-border, transaction represents a further significant step in the build-out of Compre’s centre of excellence for medical malpractice in Europe.
It also 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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