Marco completes the acquisition of Benteler Re

Marco Capital Holdings Limited (“Marco”) – European P&C insurance run-off group – today announced the completion of its acquisition of Benteler Reinsurance Company DAC (“Benteler Re”), a Dublin based non-life insurance Captive in run-off, from the Austria headquartered Benteler Group.

The transaction has received all required regulatory approvals and is now closed.

Simon Minshall, Marco CEO, commented: “The acquisition of the Benteler Re provides Benteler Group an efficient means to manage its group insurance arrangements. Marco excels at providing corporates with Captive solutions, in particular by investing in professional risk and operational management to minimise tail exposure in the market. This transaction serves as a good example of the value added we offer our clients”.