Independent specialist legacy acquirer, Compre announced a series of management changes to support future growth.

Ian Patrick has been appointed as group chief financial officer (CFO), effective immediately. He takes over from Simon Hawkins who has held the position since December 2018.

As part of the Compre Executive Management Team, Patrick will be responsible for driving the growth and financial effectiveness of the Group, leading the global finance team and managing investor relations and communications.

He brings a wealth of industry experience to the role having served as CFO of ReAssure, as well as P&C sector experience from his time with Towergate and Highway.

Simon Hawkins joined the firm’s executive management team in July 2018 as chief operating officer and then oversaw a restructuring of Compre’s finance function as group CFO. With Patrick joining the business Hawkins will return to his previous role as COO of Compre.

Hawkins joined Compre from QBE where he was head of Run-off for seven years and led the de-risking and exit process of many of QBE’s legacy portfolios.

Additionally, Compre has announced that Rhydian Williams, previously managing director, Operations and Risk has retired from the executive management team. Williams joined the business as part of the original MBO in 2011 with Will Bridger and Nick Steer, former CEO. Williams will remain as a non-executive director of the firm’s group holding companies of several of its risk carriers in both Europe and Bermuda.

Compre’s CEO, Bridger, commented: “I am delighted to announce these management changes at a key time for Compre and the legacy market. I’d like to welcome Ian to the team and look forward to working with him as we close our capital raising and build Compre through its next evolution.

“My thanks to Simon for his stewardship of the Finance function for nearly 2 years. I am delighted that we have secured such an experienced CFO in Ian allowing Simon to resume his focus on transactions and generating value from our portfolios.

“My thanks also to Rhydian with whom I have worked closely for 10 years. I am delighted that he will continue with the group in a non-Executive capacity.”