Compre acquires AG Insurance's run-off book

Compre has finalised a deal to take on the insurance and
reinsurance run-off books of the UK branch of Belgium's AG
Insurance.
The European legacy acquirer will undertake a loss portfolio
transfer before it assumes the business, subject to approval from
regulators in Belgium, Finland and the UK.
The buyer said the deal would provide AG Insurance with complete
finality in relation to its UK branch business, but didn't
disclose the terms of the transaction.
Compre CEO Nick Steer noted...