Compre Group Holdings Limited (“Compre”), the Bermuda headquartered international legacy group, today announces it has signed agreements to acquire a workers’ compensation legacy portfolio of SUNZ Insurance Company (SUNZ) for an undisclosed sum.
The transaction, approved by the Bermuda Monetary Authority, is structured as a loss portfolio transfer and has been underwritten by Compre’s class 3B Bermudian reinsurer, Pallas Reinsurance Company. The portfolio comprises large deductible and guaranteed-cost workers’ compensation policies.
