Independent insurance and reinsurance legacy specialist Compre has revealed a shake-up of its senior management – including the fact that its CEO will step down.
The group’s leader and founding director Nick Steer (pictured) will move on from his position as CEO but will remain as non-executive deputy chairman. His role will be filled by two people – Will Bridger, the managing director of acquisitions, and Mark Lawson, the group’s actuarial director, will move into the role of joint CEOs, subject to regulatory approval.
“Next March I will have been with the business for 32 years and CEO for the last nine,” commented Steer. “During that time, the group has completed 11 company and 27 portfolio acquisitions in 11 different countries across Europe. It has grown to be a well-respected and trusted acquirer of non-life insurance and reinsurance legacy business. I feel now is the right time to step back as CEO and let the team, under new leadership, build on the very stable platform and take the business forward. I look forward to contributing to the continued success of the business in my new role.”
“We are very grateful to Nick for his leadership over many years, and are pleased to have his continued involvement as deputy chairman,” added Tom Colraine, chairman of Compre Group. “The board are delighted to be promoting Will Bridger and Mark Lawson as co-CEO’s. Their joint role plays well to Will and Mark’s respective leadership strengths and their combined experience will support the continued strong development of the business.”
Those aren’t the only changes at the firm, however. From the turn of the year, Philipp Kleyser will become a director of its reinsurance subsidiary Hamburger Internationale Ruckversicherung-AG in Germany. He makes the switch from EY, where he was executive director.
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