Compre Group – acquisition of Norwegian run-off business

Wikborg Rein has assisted discontinued insurance specialist Compre Holdings Limited in connection with the acquisition of the insurance and reinsurance run-off businesses of Sparebank 1 Gruppen AS.

The transaction includes the direct energy and inwards reinsurance portfolios of Sparebank 1 Skadeforsikring AS and the direct marine insurance business of Unison Forsikring AS. Compre proposes to transfer the acquired business to Bothnia International Insurance Limited (“Bothnia”), its wholly owned risk carrier in Finland and to take on the servicing of the open claims within Compre’s existing business. The transaction is subject to regulatory approval.

The WR team has consisted of Ketil E. Bøe as responsible partner, Cecilie Kvalheim, Anders W. Færden, Espen Furuholt and Tom Berger Trondsen.

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