Legacy specialist Compre has received the green light from the Bermuda Monetary Authority (BMA) to set up a Class 3A reinsurer on the island.
The move, designed to give the firm more access to the US run-off market, is consistent with its plans for expansion across both the US and Lloyd’s legacy markets. The firm is now working with the BMA to finalize the registration and licensing process – something it expects to complete within the coming weeks.
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