Legacy carrier Marco inks deal to acquire Kelvin Re
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Legacy carrier Marco inks deal to acquire Kelvin Re

Catrin Shi
10 July 2023
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Marco has agreed to acquire Guernsey-based reinsurance firm Kelvin Re for an undisclosed sum, marking the legacy carrier’s third deal in 2023.

The deal follows Marco’s acquisition of sister company, Humboldt Re, in October 2021. The two firms acquired by Marco were initially formed under the stewardship of Credit Suisse’s ILS team on behalf of third-party investors.

It

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