Debevoise & Plimpton LLP has advised Compre Group Holdings Limited (“Compre”), the Bermuda headquartered international legacy group, in its agreement to acquire a workers’ compensation legacy portfolio of SUNZ Insurance Company for an undisclosed sum.
The transaction is structured as a loss portfolio transfer. The portfolio comprises large deductible and guaranteed-cost workers’ compensation policies.
For full details of the acquisition, see the official release here.
Debevoise has advised Compre on a number of previous transactions, including its agreement with SiriusPoint on a previous reinsurance loss portfolio transfer covering approximately $1.3 billion of reserves (detail here).
The Debevoise team advising Compre was led by international consultant Clare Swirski, and included international counsel Benjamin Lyon, and associates Laura Jackson and Francis Walters.