Menu

Reinsurance News

Allianz in P&C legacy transfer deal with Marco

13th October 2021 - Author: Matt Sheehan

Allianz has entered into a deal with European P&C insurance run-off group Marco Capital Holdings Limited concerning the transfer of the remaining risks in Allianz Suisse’s UK Branch.

handshakeThe risks in Allianz Suisse’s UK Branch were underwritten by R.W. Gibbon and are therefore known as “The Gibbon Pool”.

“I am pleased to announce this important transaction which provides a risk and operational solution for Allianz,” said Simon Minshall, Chief Executive Officer (CEO) of Marco.

“Marco offers solutions to P&C re/insurance carriers which may have a risk, capital and/or operational dimension – we seek to provide a valuable service to our clients.”

Malta-headquartered Marco launched last year with €500 million in committed initial equity capital, led by Minshall, who is the ex-Chief Financial Officer of legacy acquirer DARAG, and Jonathan Walker, a former Merrill Lynch and Baring Brothers re/insurance M&A investment banker.

RMS

The company’s strategy involves acquiring portfolios of non-life insurance loss reserves, through reinsurance structures – loss portfolio transfers (LPT), adverse development cover (ADC), Part VII Transfer or through purchasing entities.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
US hit with 18 billion-dollar climate disasters this year: NOAA

The United States has seen 18 separate billion-dollar weather and climate disasters in the first nine months of the year,...

Close