Compre and Wakam sign loss portfolio transfer agreement

Core Insights - Compre Group has entered into a loss portfolio transfer agreement with Wakam, covering approximately €140 million of reserves related to UK and French property and motor insurance liabilities as of December 31, 2024 [1] - The agreement includes a forward-flow mechanism, allowing Compre to reinsure future liabilities, which supports Wakam's capital management as it expands operations [2][4] Company Developments - Wakam's CEO emphasized that this partnership is crucial for optimizing financial strength and enabling future growth by focusing resources on scaling their digital insurance platform [3] - Compre's CEO expressed satisfaction with the agreement, highlighting it as a significant transaction in their growth strategy across Europe [4] - Compre Group has recently appointed Dominic Clayden as interim global claims director and Rachel Bardon as chief underwriting officer to oversee business development and strategic market initiatives [5][6]