Challenging convention

Marco is a trusted European provider of legacy solutions to the non-life insurance and reinsurance market. Our senior management team and Board are highly experienced in both legacy and live insurance business. 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. Headquartered in Malta, Marco has 3 carrier platforms: EU licensed carrier - Marco Insurance PCC Limited; UK legacy platform - British Reserve Insurance Company Limited; and Lloyd’s - RITC Syndicate 1254. In addition, Marco owns Humboldt Re, which is currently being run-off in Guernsey. Complementary to P&C legacy, Marco owns Polo, the leading Lloyd’s and London Market outsourced insurance service provider, and Turnkey Managing Agency (www.polo.works). The Marco Group comprises more than 300 specialist insurance professionals spanning legacy and insurance services.

Management team

Marco’s highly accomplished and experienced professionals 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 featured as key members of management teams of live re/insurers and legacy businesses and have gained approval from numerous Regulators - including PRA/FCA, Lloyd’s, MFSA, BaFin, GFSC - for multiple transactions.

Simon Minshall

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.

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.

Jonathan Walker

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.

Simon Minshall

CEO

Zsolt Szalkai, CFA

MD - Head of M&A

Jonathan Walker

Origination

Alan Barlow

Chief Claims Officer

Alan is Marco’s Chief Claims Officer and is a recognised leader in claims, bringing many years of experience gained in international live re/insurance businesses, at Lloyd’s and the London Market as well as in legacy. He successfully led claims for Endurance’s global reinsurance business and, more recently, designed and managed a complex outsourced claims management model for a European legacy operator.

Phil Rooke

Chief Financial Officer

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 Barlow

Chief Claims Officer

Phil Rooke

Chief Financial Officer

Board members

Dieter Wemmer

Chairman

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. Dieter currently serves on several boards including UBS.

Rolf Tolle

iNED

Rolf’s long career in re/insurance includes his very high profile role as Lloyd’s of London’s first Franchise Board Director during the market’s existential challenges from 9/11 and US APH. Rolf is a former reinsurance CEO and CUO and currently serves as an NED for QBE.

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.

Dieter Wemmer

Chairman

Rolf Tolle

iNED

Dr. Monika Sebold-Bender

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.

Paul van Coillie

iNED

Paul has extensive experience in re/insurance. Over the years he has worked as a reinsurance broker, Director of commercial lines for a primary carrier, run-off manager and Managing Director of a European run-off business. Paul currently serves on several Boards as NED.

Juanita Bencini

iNED

Paul van Coillie

iNED

Our Vision, Mission and Approach

Our experienced team has a deep technical understanding of the market and the challenges it faces, with over 150 years of combined experience of legacy and live markets – both at Executive and at Board level. We are passionate about the need to challenge ourselves and the market, and to create opportunities and find innovative solutions – always putting policyholders interests first. Our technical and professional approach to transactions and subsequent management does not rely on claims savings and underpins our reputation as a trusted, thorough, and specialist legacy partner, built to deliver value to all.

Our Vision

To be the go-to European legacy provider. Appreciated for our contemporary and dynamic approach to modernising the legacy market by combining experience and talent, with the latest techniques, and applying best practice.

Our Mission

With a willingness to change and adapt, we strive to create opportunities and value for our clients across the European and UK non-life re/insurance run-off market.

Our Approach

Marco offers legacy solutions to the European and UK 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.

Who we are