Compass acquires a shareholding in CIA

04 March 2015 Compass
Paul Carragher, Managing Director of Compass

Paul Carragher, Managing Director of Compass

Compass Insurance Company Limited (“Compass”) has announced that it recently acquired a majority shareholding in its Underwriting Manager and Business Partner, Commercial & Industrial Acceptances (“CIA”), effective 1 January 2015.

CIA is a multi-award winning Underwriting Management Agency, specialising in building insurance, and has been underwriting on behalf of Compass since 2000.

Paul Carragher , Managing Director of Compass says that  “CIA is the leading player in the niche area of building insurance. Compass and CIA have worked together closely for 15 years as business partners and we are very excited to further enhance our business relationship with CIA through our shareholding.”

Andre de Waal, Managing Director of CIA said that “We are very pleased to have Compass as a shareholder, and are very excited about the opportunities going forward.”

Carragher and de Waal both emphasised that it’s “business as usual” for CIA, and that CIA will continue to set the benchmark in the market for innovative insurance solutions and exceptional service, and will continue to be the market leader in the niche area of building insurance through on-going research and development of new products, cover and benefits for   residential, commercial and industrial property owners and especially for the more complex needs of sectional title developments.

Quick Polls


Most of the changes that companies are currently facing are driven by?


Technology and social media
The economic and political climates
Changing consumer demands
A E fanews magazine
FAnews June 2019 Get the latest issue of FAnews

This month's headlines

New realities of customer engagement
Success in the new CPD cycle
Shedding light on the reinstatement clause
Resisting the winds of change
Claim statistics tell the story
Growth assets for living annuity investors
Subscribe now