Marco completes the acquisition of Inceptum Insurance Company Ltd

Marco Capital Holdings Limited (“Marco”) – European P&C insurance run-off group – today announced the completion of its acquisition of Inceptum Insurance Company Limited (“Inceptum”), a UK non-life insurance company in run-off, from Randall & Quilter II Holdings Ltd (in administration) acting on instruction of its joint administrators at Teneo Financial Advisory Limited. The transaction has received all required regulatory approvals and has now closed.

Simon Minshall, Marco CEO, commented: “The acquisition of Inceptum, a company itself in run-off, by Marco brings financial and operational stability to a complex and challenging situation for the benefit of all stakeholders. Executing a deal in such a complex situation is an example where Marco’s technical skills, experience, track record and outstanding reputation are essential”.