Compre makes double run-off acquisition
Compre Holdings has acquired two further general insurance run-off companies. Through its acquisition vehicle, Finnex Holdings, it agreed with Pohjola Group plc of Finland to acquire its two general reinsurance run-off subsidiaries: Bothnia International Insurance Company, registered in Finland and Moorgate Insurance Company, registered in the UK.
Completion of the transaction is expected later this year subject to relevant clearances being obtained from the UK and Finnish regulatory authorities.
Terms of the transaction are not disclosed.
The
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