Marco Capital Holdings Limited, a European property and casualty (P&C) run-off specialist, has merged Guernsey based, former Credit Suisse ILS reinsurers Kelvin Re and Humboldt Re under the new brand Marco Re, following approval from the Guernsey Financial Services Commission in December of last year.
Marco Capital acquired Humboldt Re in late 2021 and Kelvin Re in mid 2023. Both were former Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers, which were shuttered by the firm in late 2020 amid a strategic decision taken by the ultimate institutional investors behind them.
