Compre Group has established a service company in Switzerland. The company is called Compre Services (Switzerland) AG and is registered in Baar with a branch office in Basel. The new company has been appointed by Alea (Bermuda) Ltd to assist in managing the Swiss-based run-off of the remaining business written by Alea Europe Ltd (merged with Alea (Bermuda) in September 2009).
With effect from 1 June, two members of staff previously employed by Alea will be employed by Compre and based in Compre’s Basel office. Martin Kanwar has been appointed managing director of the Swiss company and is joined on the board by Mikko Sinko, Nick Steer, John Halls and Andreas K Rudolf.
‘We are delighted to announce our latest service company here in Switzerland which we are confident will enhance our local presence and further contributes to the continued development of our expanding European service operations,’ says Mikko Sinko, chairman of Compre Holdings. He adds: ‘We continue to remain focused in growing our business and enhancing our network of European based service operations.’