JDC TECHNICAL EVALUATION REPORT

Subject: Compre Strikes Major £250M Adverse Development Cover for European Reinsurer

Reference: UID6054

Market Authority: London & International Markets

Case Ref: ASB-VEL-250

Date: 13th April 2026

Status: LIVE / EXECUTED (March 23, 2026)

Case Summary (Tier 4): In a move to increase “Asbestos Velocity,” Compre has anchored a massive ADC. The deal covers a diversified book of motor and liability business from underwriting years 2018–2024, providing the cedant with definitive finality while the “ghosts” of old industrial claims are finally laid to rest.

Case Detail (Tier 5):

Portfolio Scope: Covers a diversified book of European motor and general liability business, specifically targeting underwriting years 2018 through 2024.

Asbestos Velocity: The ADC is structured to provide immediate capital relief against “creeping” asbestos claims. In the UK, the Control of Asbestos Regulations (CAR) 2012 remains the benchmark, but the 2026 tightening of “Analytical Independence” (separating removal from testing) is driving up settlement costs.

Risk Mitigation: By locking in this £250M cover, the cedant has transferred the “tail risk” of inflationary legal costs to Compre’s specialized legacy engine.

Additional Comment:

N/A