Marco Capital acquires R&Q Gamma

Marco Capital Holdings Limited, a leading European P&C insurance run-off group, today announced the acquisition of R&Q Gamma Company Limited (“R&Q Gamma”). The transaction is subject to regulatory approval.

R&Q Gamma, formerly The Royal London General Insurance Company Ltd, was established in 1983 and put into run-off in 1999. It was purchased by R&Q Insurance Holdings Ltd in 2016 to act as a consolidation vehicle for run-off opportunities in the UK. Over the following 4 years, R&Q Gamma transacted Loss Portfolio Transfers with the Solicitors Indemnity Mutual Insurance Association Ltd, Anglo French Insurance Company Ltd and The United Kingdom Mutual Steam Ship Association Ltd (“UK P&I Club”). R&Q Gamma’s outstanding liabilities predominantly relate to the UK P&I Club and comprise Occupational Disease / Workers’ Compensation liabilities relating to workers on ships and in ports.

Simon Minshall, Marco CEO, remarked: “This is now the third time Marco has provided assistance in stabilising and securing R&Q policyholders’ interests, following the acquisition of Inceptum, an R&Q subsidiary in run-off, and management of R&Q Syndicate 1110 by Polo Managing Agency in 2024”.

Terms of the sale are not disclosed.