Compre makes major move from Europe to Bermuda shaking up top leadership

European legacy specialist  Compre has redomiciled to Bermuda as part of its strategy to broaden its focus from Continental Europe to include Lloyd’s of London and North American legacy markets.

From July 1, the group will be supervised and authorised by the Bermuda Monetary Authority (BMA).

Simultaneously, Simon Hawkins (pictured), currently group COO of  Compre, will assume the newly-created role of chief executive officer (CEO) of Europe, with David Presley serving as CEO of North America - giving  Compre two divisional CEOs with responsibility for developing the business in these respective jurisdictions.

Hawkins’ responsibilities will include business development and building  Compre's long-term client relationships across its core European, Lloyd’s and UK markets.

Compre said the move to Bermuda is part of its diversification strategy to broaden its market focus and geographical reach.

Will Bridger, group chief executive officer of  Compre, further explained: “Our move to Bermuda is a further milestone for  Compre and reflects the broader international nature and expertise of our organisation, the jurisdiction of the insurance liabilities on our balance sheet and the concentration of business within geographic risk-bearing entities.

“Our thanks to the Malta Financial Services Authority for their support over the past five years and we look forward to working closely with the BMA as our business grows across our markets.”

He added: “I am also delighted to announce Simon Hawkins’ appointment to the new role of CEO - Europe. To date, as group COO, Simon’s role has been focused on building and developing our operating platform. In his new role he will be market facing, focussing on client and business development and building our strong client-service focus as we execute legacy deals in Europe and Lloyd’s.”

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