COMPRE RESTRUCTURES AHEAD OF FURTHER ACQUISITIONS

European run-off specialist Compre has restructured its business operations in anticipation of further acquisitions this year. The legacy specialist said it had converted one of its owned companies, London & Leith Insurance Company Limited (L&L), into a Societas Europaea (SE), a European joint stock company. Compre said the conversion had involved merging L&L with another group company and converting that into a public company before turning it into an SE. Compre said the restructure would reduce the number of companies in the group, bringing savings in administration, accounting, legal costs and management time. Compre has already announced three acquisitions in 2016 and said it will complete further deals in continental Europe by the end of the year.