REG - Compre Group Hldgs - Compre appoints John Howard as chairman
13/03/2025 15:15
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RNS Number : 6087A Compre Group Holdings Limited 13 March 2025
13 March 2025
Compre appoints John Howard as chairman
Compre Group Holdings Limited ("Compre"), the Bermuda-domiciled international
specialty reinsurance group, today announces it has appointed John Howard, the
former CEO of Truist Insurance Holdings ("TIH"), as its independent
non-executive chairman, subject to regulatory approval.
Mr. Howard has more than three decades of diversified insurance and senior
executive leadership experience at top financial services organizations with a
proven track record of delivering superior results. Most recently he was Chief
Executive Officer of TIH, serving in various leadership positions over the
course of twenty years with the company and its affiliates. He recently led
the successful $16 billion leveraged buyout of TIH from Truist Financial
Corporation (formerly BB&T Corporation). TIH is one of the ten largest
insurance brokerages in the U.S., where Mr. Howard established its enhanced
infrastructure and operating strategy, as well as a best- in-class board and
leadership team. On January 1, 2025, Mr. Howard stepped down as CEO and
assumed the role of vice chair of TIH, and he continues to serve on TIH's
board of managers.
Previously, Mr. Howard served in executive leadership positions at many other
renowned organizations including Prudential Financial, GE, and Conseco, Inc.
He began his career on active duty in the U.S. Navy. Additionally, Mr. Howard
has extensive experience across industry associations and policymaking. He
currently serves on the Insurance Policy Committee of the Board of Governors
of the Federal Reserve System, the Council of Insurance Agents and Brokers,
The Institutes, and the Maurice R. Greenberg School of Risk Management,
Insurance, and Actuarial Science at St. John's University. Mr. Howard earned a
bachelor's degree in economics from Columbia University and a Master of
Business Administration from Duke University, Fuqua School of Business.
Will Bridger, group CEO, Compre, said: "I am extremely pleased that John has
agreed to chair Compre's board. He is highly regarded across the insurance
industry, and particularly in the United States, having been at the heart of
the outstanding success of TIH for many years. I look forward to working with
John as we continue to build Compre over the long-term."
John Howard said: "I'm delighted to join Compre's board as chairman. Compre is
a high-quality, well-established business operating in a specialist segment of
the re/insurance industry, providing solutions to cedants that are
increasingly part of standard capital management. I'm looking forward to
working with Will and the team to support Compre's continued growth, including
further expansion in the US."
- Ends -
For further information please contact:
Compre
David Haggie / Richard Adams / Olivia Thomson, Haggie Partners
+44 20 7562 4444
About Compre:
Compre is a global specialty reinsurer providing capital and liability
solutions for its clients giving certainty to prior year development. It has
over 30 years of experience in the acquisition and management of discontinued
and prior year non-life insurance and reinsurance portfolios. Compre has
experience of acquiring most classes of direct and reinsurance business,
including general liability, marine and motor liability, and US APH and
workers' compensation. Compre has operations in Bermuda, Finland, Germany,
Ireland, Malta, the UK, the USA and at Lloyd's of London. www.compre-group.com
(http://www.compre-group.com/)
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