Compre, an international speciality reinsurance group based in Bermuda, has renewed its Renewable Loss Portfolio Transfer agreement with French insurer Wakam.
Initially completed in 2025, the original deal covered approximately €140 million of reserves as at 31 December 2024, focusing mainly on UK and French motor and property insurance liabilities for 2024 and prior.
The renewed LPT covers €126.5 million of net undiscounted reserves as at 31 December 2025, with a further accident year added to the reinsurance coverage under the parties’ annual renewal framework.
This agreement offers Wakam ongoing access to Compre’s specialised capital solutions and legacy expertise, highlighting the flexibility of the Renewable LPT structure, an how it can evolve alongside client needs.
The transaction is the first renewal under the Renewable LPT mechanism, representing an important evolution in Compre’s reinsurance proposition while demonstrating its ability to deliver tailored solutions in an ongoing partnership.
Will Bridger, CEO of Compre, said: “Renewing our agreement with Wakam is further progress for Compre and a strong endorsement of our ability to deliver capital and liability solutions that meet the evolving needs of our clients.
“The addition of a further accident year under our annual renewal framework demonstrates the value of the partnership we have built with Wakam. We look forward to continuing to build on this relationship and to further developing our reinsurance offering.”
Catherine Charrier-Leflaive, Group CEO of Wakam, said: “Renewing with Compre turns a transaction into a partnership. Adding a further accident year under the annual framework keeps our balance sheet clean and our capital and teams focused on what matters most: scaling our Play & Plug® platform for our distribution partners across Europe.
“This first renewal proves the structure is repeatable — smart capital management, year after year, clearing the path for Wakam to build the insurance infrastructure of tomorrow.”
The renewal further reinforces Compre’s position as a specialist partner for insurers aiming to actively manage legacy liabilities and optimise capital.
Delivering solutions across the risk lifecycle, the renewal underscores the structural repeatability of this framework and reflects strong confidence in Compre’s capacity to deliver tailored solutions in this ongoing partnership.
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