Marco Re launch reflects its strategic role as Marco Capital’s lead international P&C reinsurance Legacy platform  

9th February 2024

Marco Capital has revealed Marco Re as the new brand of its recently merged Guernsey subsidiaries Humboldt Re and Kelvin Re.

Marco Re, now the largest carrier in the Marco Capital Group, has substantial financial strength and benefits from economies of scale derived from its merger, as its two component carriers had very similar books of business. These two companies were originally formed and managed under Credit Suisse ILS.  Marco Re’s team has valuable and relevant insights and capabilities for the benefit of ILS managers and their investors seeking Legacy solutions.

The merger of Kelvin Re into Humboldt Re was approved by the Guernsey Financial Services Commission in December 2023. Mark Elliott leads the management of Marco Re and is supported by a senior team in Guernsey and Marco’s specialist insurance services company Polo Commercial Insurance Services (PCIS).

Mark Elliott, CEO of Marco Re, said “We are delighted to have efficiently brought together two ‘sister’ reinsurance companies in run-off and are excited that Marco Re offers its clients competitive reinsurance solutions for international P&C Legacy situations”.

Simon Minshall, Marco Capital Group CEO, commented: “Marco Re has a substantial capital base, which can be supplemented for Legacy transactions as required, and is managed conservatively benefitting from internal economies of scale derived from its recent merger and services provided by PCIS. Marco Re is a powerful tool available to our clients seeking international P&C Legacy solutions”.

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