Compre signs LPT agreement with Wakam
Compre Group agreed to a loss portfolio transfer with Wakam covering about €140 million of UK and French motor and property reserves through year-end 2024. The deal also includes a forward-flow arrangement that gives Compre the option to reinsure future years, offering Wakam continued capital support as it scales its digital insurance platform and manages legacy liabilities.
Compre said the transaction expands its European footprint, while Wakam framed the move as a way to strengthen its balance sheet and redirect resources toward growth.
“This partnership with Compre is an important step in optimizing our financial strength to fuel future growth. By entrusting legacy liabilities to a specialist partner, we free up resources to invest in what matters most: scaling our digital insurance platform across Europe and delivering innovative solutions to our partners. The forward-flow structure provides ongoing support as we expand, perfectly aligned with our commitment to disciplined execution and operational excellence. This is smart capital management in action — clearing the path for Wakam to focus fully on building the insurance infrastructure of tomorrow.” – Wakam Group CEO Catherine Charrier-Leflaive.
