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Marco completes third deal in nine months with Humboldt Re acquisition

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European run-off specialist Marco Capital Holdings has acquired Guernsey-based reinsurer Humboldt Re.

The transaction, which has already completed, is Marco’s third within nine months.

The legacy specialist said the deal would “significantly increase” its balance sheet size.

Humboldt Re was previously managed by Credit Suisse. In December last year, Credit Suisse announced it was to put Humboldt and another platform, Kelvin Re, into run-off.

Marco CEO Simon Minshall said: “I am delighted to announce the acquisition of Humboldt Re.

“Clients engage in run-off transactions for a variety of reasons – providing customised 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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