Marco announces a P&C Legacy transaction with Allianz concerning its remaining exposure to the ‘Gibbon Pool’.

Marco Capital Holdings Limited – European P&C insurance run-off group – today announced that its UK carrier, British Reserve Insurance Company Limited (“BRIC”) has agreed a transaction with Allianz concerning the transfer of the remaining risks in Allianz Suisse’s UK Branch (underwritten by Mr R.W. Gibbon and known as “The Gibbon Pool”).

Simon Minshall, CEO of Marco, said “I am pleased to announce this important transaction which provides a risk and operational solution for Allianz. Marco offers solutions to P&C re/insurance carriers which may have a risk, capital and/or operational dimension – we seek to provide a valuable service to our clients”.