Marco Capital Acquires Inceptum from R&Q Insurance Holdings Ltd.

Marco Capital has announced the acquisition of Inceptum Insurance Company Limited. The transaction is subject to regulatory approval.

Inceptum, which previously traded as HSBC Insurance (UK) Limited until 2011, was a Motor and short tail Personal Lines carrier which HSBC put into run-off in 2009. R&Q acquired Inceptum in 2020 as part of the Vibe Group of companies and subsequently transferred several portfolios via a UK Part VII into the carrier from R&Q Eta, QBE UK and BHP’s captive, WMG. The majority of Inceptum’s claims portfolio are Motor (specifically PPOs) and UK Employers’ Liability.

Simon Minshall, Marco CEO, commented: “Marco specialises in complex situations, and we are pleased to be of assistance to R&Q in simplifying their group structure. PPOs in particular are a class of claims where we have developed a specialisation and have acquired portfolios while Employers Liability is an area of technical excellence for our venture PoloPartners, and the transaction overall provides a good outcome for all stakeholders”.