Both reinsurers, based in Guernsey, were initially established by Credit Suisse’s ILS team. Credit: garagestock/Shutterstock.

Marco Capital, the European property and casualty (P&C) insurance run-off group, has revealed Marco Re as the new brand for its merged subsidiaries, Humboldt Re and Kelvin Re.  

The launch marks the consolidation of the group’s operations, with Marco Re now standing as the largest carrier in the Marco Capital. 

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Marco Capital acquired Humboldt Re in October 2021 while Kelvin Re joined the group in July 2023.  

Both based in Guernsey, the reinsurers were initially established by Credit Suisse‘s Insurance-Linked Securities (ILS) team, catering to third-party investors. 

The merger, which was approved by the Guernsey Financial Services Commission in December 2023, is anticipated to yield substantial benefits. 

Marco Capital said the combined entity will benefit from economies of scale realised from the consolidation, as Humboldt Re and Kelvin Re maintained very similar books of business. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The management team of Marco Re, led by Mark Elliott, is supported by a senior team in Guernsey and the specialist insurance services offered by Polo Commercial Insurance Services (PCIS).  

Commenting on the combination, Marco Re CEO Mark Elliott 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.” 

Marco Capital Group CEO Simon Minshall said: “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.”