M&A Deal Summary

Compre Acquires Gjensidige Marine and Energy Insurance A/S

On February 15, 2016, Compre acquired insurance company Gjensidige Marine and Energy Insurance A/S from Gjensidige Forsikring ASA

Acquisition Highlights
  • This is Compre’s 1st transaction in the Insurance sector.
  • This is Compre’s 1st transaction in Norway.

M&A Deal Summary

Date 2016-02-15
Target Gjensidige Marine and Energy Insurance A/S
Sector Insurance
Buyer(s) Compre
Sellers(s) Gjensidige Forsikring ASA
Deal Type Divestiture

Target

Gjensidige Marine and Energy Insurance A/S

Oslo, Norway
Gjensidige Marine and Energy Insurance A/S comprising mainly long-tail liability claims, providing it with valuable operational and economic finality.

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Buyer(S) 1

Buyer

Compre

Hamilton, Bermuda

Category Company
Founded 1991
Sector Business Services
Employees85
DESCRIPTION

Compre is a global consolidator of closed books of non-life insurance policies. Compre is focused on the acquisition and management of discontinued (also known as ‘run-off’) non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta, and Switzerland. Compre was founded in 1991 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Hamburger Internationale Rückversicherung AG

Rellingen, Germany

Hamburger Internationale Rückversicherung AG is a provider of consulting and outsourcing services to the insurance and reinsurance industries.

Buy -

Seller(S) 1

SELLER

Gjensidige Forsikring ASA

Oslo, Norway

Category Company
Sector Insurance
Employees3,555
DESCRIPTION

Gjensidige Forsikring ASA are a Nordic general insurance company. Company also offer banking, pension and savings products in Norway. Gjensidige has provided insurance services for nearly 200 years.


DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 2 of 2
Country (Norway) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 PZU Lietuva

Vilnius, Lithuania

PZU Lietuva offers general insurance products primarily within the motor, property and personal lines in Lithuania. The company also has operations in Estonia and Latvia.

Buy €54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Vardia Insurance Group ASA

Oslo, Norway

Vardia Insurance Group ASA is an insurance company sells and distributes property and casualty insurance products for the retail and SME markets in Norway, Sweden, and Denmark.

Buy -