Marco Capital acquires Humboldt Re

This is the third transaction in nine months for the European P&C insurance run-off group

Marco Capital Holdings Limited has announced its purchase of Humboldt Re Limited, a Guernsey-based reinsurance company. 

The transaction has been completed after receiving regulatory approval from the Guernsey Financial Services Commission.

The sale will allow remaining capital to be unlocked and flow to the benefit of any investors backing the funds or positions that underpinned Humboldt Re.

This is Marco Capital’s third transaction within nine months and it will reportedly “significantly increase” its balance sheet size.

As a Europe-focused company, Marco Capital encompasses Legacy business opportunities across European counterparties, located in Continental Europe, the UK and Lloyd’s of London.

Marco Capital offers reinsurance and finality solutions to re/insurance carriers to “achieve strategic objectives” by acquiring loss reserve portfolios through reinsurance, portfolio transfers and acquiring entities. 

The insurance group comprises the carriers Marco Insurance PCC Limited in Malta, a protected cell company, a British reserve insurance company limited in the UK, and VAISL in the Isle of Man.

Simon Minshall, CEO of Marco Capital, said “I am delighted to announce the acquisition of Humboldt Re. Clients engage in run-off transactions for a variety of reasons – providing customized strategic solutions is a fundamental service Marco offers and is a core pillar in Marco’s strategy. 

“This transaction demonstrates our structuring capabilities and key proposition in offering the best solution for our clients.”

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