Marco announces the acquisition of Humboldt Re in Guernsey
20th October 2021
Marco Capital Holdings Limited (“Marco”) – European P&C insurance run-off group – today announced that it has purchased Humboldt Re Limited, a Guernsey based reinsurance company. The transaction has received regulatory approval from the Guernsey Financial Services Commission and has now completed.
This is Marco’s third transaction within nine months and will significantly increase its balance sheet size.
Simon Minshall, CEO of Marco, said “I am delighted to announce the acquisition of Humboldt Re. Clients engage in run-off transactions for a variety of reasons – providing customized strategic solutions is a fundamental service Marco offers and is a core pillar in Marco’s strategy. This transaction demonstrates our structuring capabilities and key proposition in offering the best solution for our clients”.