Compre plans capital raise as COVID-19 drives legacy demand
Re/insurance legacy specialist Compre is considering a capital raise in light of the increased legacy activity, further heightened by COVID-19 and the hardening insurance market.
The company said that it is "reviewing options" in relation to raising additional growth capital.
Compre noted that its existing team, led by CEO Will Bridger, will remain unchanged, and current shareholders, private equity firm CBPE Capital, will remain committed to the business and support Compre’s management team.
Bridger said: “Now is the time to invest in the legacy market and it gives me great pleasure to be taking this step in our company’s history at such a promising time for legacy acquirers. Legacy has matured through the years and has become a vital part of the industry’s infrastructure.
"The demand for our solutions has surpassed expectations and Compre is committed to providing bespoke structuring to enable clients to reach their business objectives during this challenging period and beyond.”
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze