Marco Re receives A- rating from AM Best  

27th February 2024

Marco Capital Holdings Limited – P&C Legacy and outsourced services group – today announced that AM Best, a leading international specialist insurance Ratings Agency, has assigned an A- (“Excellent”) Financial Strength Rating to Marco Re.

Marco Re, the largest carrier in the Marco Capital Group, is based in Guernsey and offers its clients competitive reinsurance solutions for international P&C Legacy situations. Formed from the merger of Humboldt Re and Kelvin Re in December 2023, both of which had previously been rated when operating as Live carriers, Marco Re has been repurposed as a run-off vehicle and is rated on that basis. As a highly rated P&C Legacy carrier, Marco’s value proposition to clients seeking an attractive counterparty for risk transfer and/or capital management transactions has now been recognised by a leading, specialist insurance ratings agency.

Mark Elliott, CEO of Marco Re, said “We are delighted that AM Best recognises the financial strength  and business model of Marco Re by assigning an A- (“Excellent”) Financial Strength Rating to Marco Re. We have transformed the DNA of Marco Re from its original entities and present the market with a financially and operationally sound P&C Legacy carrier specialised in solving complex issues, for risk and/or capital management needs”.

Simon Minshall, Marco Capital Group CEO, commented: “Marco’s approach has consistently been to deliver solutions which best address a client’s real objectives, often devising solutions which stretch beyond the proposal initially presented to us. With its rated paper, Marco Re is now able to provide even more attractive and superior solutions to its international P&C re/insurance clients, extending the range of possibilities we offer”.

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