Marco Capital is a trusted European provider of legacy solutions to the non-life re/insurance market. In addition, Marco owns PoloWorks (www.polo.works), the leading Lloyd’s and London Market outsourced insurance services provider and Turnkey Managing Agency . The Marco Capital Group overall employs some 400 insurance professionals.
Our senior management team and Board’s substantial experience in both legacy and live insurance business is one source of our competitive advantage – we understand the challenges and opportunities from our clients’ perspective.
We are passionate about creating innovative and flexible capital and risk management solutions that create value for our clients and protect their reputations.
With access to substantial long-term capital, deployed responsibly from a risk and returns perspective, Marco’s commercial edge reflects the calibre and experience of its management and Board, the priority given to serve the needs of its clients as well as other crucial aspects of its corporate culture, and the quality of its balance sheet.
| International | Marco Re Limited (“A-“ rated, Guernsey based) |
| UK | British Reserve Insurance Company Limited |
| Lloyd’s | Syndicate 1254 (for RITC/Run-Off) |
| EU | Marco Insurance PCC Limited (Malta based) |
Marco’s highly accomplished and experienced professionals have featured as key members of management teams of live re/insurers and legacy businesses and have completed over 40 run-off transactions with aggregate value in excess of $5bn – mostly as buyers of reserves and entities, but also as sellers.
They have gained approval from numerous Regulators - including PRA/FCA, Lloyd’s, MFSA, BaFin, GFSC - for multiple transactions.
Simon Minshall
Group CEO
Jonathan Walker
MD, Head of Origination
Zsolt Szalkai, CFA
MD, Head of M&A
Simon Minshall
Group CEO
Simon is Marco’s founder and CEO. He has over 25 years’ experience in re/insurance. He was a leading member of the management team that established Endurance’s international businesses. Before founding Marco, Simon was Group CFO at a specialist European P&C insurance run-off consolidator. Simon’s background in finance and management in re/insurance together with his entrepreneurial flair provides Marco with critical elements of its unique character and competitive edge.
Jonathan Walker
MD, Head of Origination
Jonathan leads Marco’s Origination initiatives, focusing on (new) client relationships and transaction opportunities. He is a former re/insurance investment banker and advised on more than $25bn cross-border re/insurance M&A and capital markets transactions over 25 years, having started his career as a European insurance equity research analyst.
Zsolt Szalkai, CFA
MD, Head of M&A
Zsolt is Marco’s Head of M&A. Over the past 15 years Zsolt has closed more than 30 legacy transactions representing >€2bn reserves. Zsolt is recognised as a pioneer of the modern European P&C run-off industry. Before joining Marco, Zsolt led the set-up of another international run-off player’s European and Lloyd’s presence, successfully completing three transactions within Lloyd’s with a cumulative volume of approximately £1.2bn claims reserves.
Stefan Habereder
Group Chief Actuary
Phil Rooke
Group CFO
Rob Gregg
Chief Claims Officer
Stefan Habereder
Group Chief Actuary
Stefan is Marco’s Chief Actuary and is responsible for a team of 12 actuaries employed across the Marco Capital Group. His career spans more than 25 years in actuarial, risk and underwriting leadership positions, mainly at Allianz Group companies and Axis Re in international reinsurance and Specialty markets.
Phil Rooke
Group CFO
Phil is Marco’s Group CFO. He joined Marco from Sompo International (previously Endurance) where he was International Group CFO. Phil has a wide range of senior financial management experience across a variety of businesses mainly in live re/insurance, but also in legacy and captive management.
Alan Dimech
Group Chief Risk Officer
Richard Coughlin
Group Chief Transformation Officer
Mark Elliott
CEO Marco Re, Polo Insurance Managers and PoloPartners
Richard Coughlin
Group Chief Transformation Officer
Richard’s management consultancy background, at PA Consulting where he was a Member of the Management Group, specialised in the transformation of businesses through design and implementation of new business processes, strategies and tech enabled productivity enhancements.
Mark Elliott
CEO Marco Re, Polo Insurance Managers and PoloPartners
Mark is CEO of Marco’s largest carrier, Marco Re which is located in Guernsey. He also leads Polo Insurance Managers and PoloPartners. Mark’s more than 25 years experience includes senior roles in ILS, underwriting and insurance (captive) management at Aon, Humboldt Re and Artex.
Dieter Wemmer
Chairman - Marco
Rolf Tolle
iNED
Dr. Monika Sebold-Bender
iNED
Dieter Wemmer
Chairman - Marco
Dieter, an actuary, is Marco’s Chairman. His last executive position was Group CFO of Allianz. Beforehand, he was Group CFO of Zurich. Dieter’s extensive experience includes CEO/Board Member responsible for European insurance businesses both at Allianz and Zurich. While Group CFO of both insurers he led the sale of substantial run-off portfolios.
Dr. Monika Sebold-Bender
iNED
Monika is an actuary who has served on German management boards of all leading European insurance groups. She was Head of P&C underwriting globally for Allianz and her most recent executive role was Board Member responsible for P&C at Ergo Group. Monika serves on the European Board of a leading international Japanese re/insurance group.
Juanita Bencini
iNED
Paul van Coillie
iNED
Juanita Bencini
iNED
Juanita is a widely recognised expert in Risk. She was a Partner and leader of KPMG Malta’s risk consulting group. She serves on several financial services Boards, including insurers and banks. Among other roles, Juanita was President of Malta’s Institute of Financial Services Practitioners.
The Live market experience of Marco’s Executive and Board brings insights into the original underwriting process, portfolios and often individual underwriters (many former colleagues) and this enables Marco to see challenges and opportunities from the client’s perspective.
PoloWorks gives Marco Capital’s core Legacy business team substantial technical support from a body of some 375 insurance professionals. As a third party business with its own clients, PoloWorks must remain competitive and at the cutting edge. As a client of PoloWorks, Marco has the benefit of access to this resource without having the financial pressure of being the sole client.
At Lloyd’s, Marco and PoloWorks have a unique position since its arrangement of the ‘classical’ structure of Syndicate / Corporate Member / Managing Agency / Members Agency has an important difference – Marco’s ownership of Polo Managing Agency (PMA), a ‘Turnkey’ with third party clients in addition to Marco’s RITC syndicate 1254 - avoids pressure to generate a regular flow of Legacy/RITC transactions to remain viable.
As one of only two leading independent turnkey Managing Agencies currently operating at Lloyd’s, Polo Managing Agency has close contacts with Lloyd’s across a wide range of issues including business development opportunities for the Lloyd’s market.
Marco offers legacy solutions to the international non-life re/insurance market through reinsurance, portfolio transfer and acquisition. We take a professional and common sense approach, combining technical expertise, flexibility and creativity, to serve our clients competitively. Our goal is to build long-term relationships with clients by providing quality and valued service.
At Marco, trust and reputation are paramount. As a responsible, conservatively managed legacy partner, we promise to safeguard the reputations of our clients by upholding the highest standards and best practice.
For transactions where we provide finality, we see our solutions not just as a product, but a long-term promise. We are committed to protecting reputation in all our transactions, whatever the nature and structure.
Get in touch if you have an opportunity you would like us to consider.
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