Marco Capital acquires captive reinsurer Benteler Re

European property and casualty (P&C) insurance run-off group Marco Capital has acquired Benteler Reinsurance Company DAC in an undisclosed transaction.

Incorporated in January 2003, Benteler Re is a captive reinsurance company wholly owned by the Benteler Group, which was founded in 1876 and is a global Tier 1 supplier in all relevant markets, with approximately 90 locations worldwide.

Simon Minshall, Chief Executive Officer, Marco Capital, commented, “The acquisition of Benteler Re provides a useful solution to the Benteler Group in rationalising its group insurance arrangements.

“Marco welcomes the opportunity to acquire entities that are no longer seen as core for the business, and this transaction serves as a good example of the value added we offer our clients.”

, Marco Capital acquired R&Q Gamma Company Limited, formerly The Royal London General Insurance Company Ltd, which was established in 1983 and put into run-off in 1999.