Compre Group Holdings Ltd. signed a deal to acquire a workers’ compensation legacy portfolio from Sunz Insurance Co., a provider of workers’ comp coverage to the staffing and PEO industries. The deal includes claims and liabilities from 2020 and prior; however, Sunz said the deal will not affect client companies.

“For our clients, there is no interruption,” said Rick Leonard, president of Sunz. “For us, it’s business as usual. We are still going to manage those claims and close those claims out.”

The deal will give Sunz the additional capacity to bring in more business, Leonard said. Customers will not notice the change.

Bermuda-based Compre announced the deal earlier this month, and the transaction has been approved by the Bermuda Monetary Authority.

“We are very pleased to announce the signing of this transaction, which was particularly attractive given Sunz’s track record of excellent underwriting, strong claims handling and experienced management team,” David Presley, CEO of Compre North America, said last week in a press release. “We look forward to continuing our partnership with Sunz to support their expansion and strategic growth and remain focused on collaborating closely with all our clients to help achieve their objectives.”

The financial terms of the acquisition were not disclosed.

Jeffrey Marshall, CFO and executive VP of Sunz, said in the release that the deal provides the most efficient solution to support Sunz’s growth projections.