Marco Re gets A- rating from AM Best post transformation

Marco Re, the largest carrier in P&C insurance run-off Marco Capital Group formed through the recent merger of its Guernsey subsidiaries Humboldt Re and Kelvin Re, has secured an A- (Excellent) financial strength rating from AM Best.

Marco Re is based in Guernsey and offers reinsurance solutions for international P&C legacy situations. 

Formed from the merger of Humboldt Re and Kelvin Re in December 2023, both of which had previously been rated when operating asLive carriers, Marco Re has been repurposed as a run-off vehicle and is rated on that basis. 

Mark Elliott (pictured), CEO of Marco Re, said: "We are delighted that AM Best recognises the financial strength and business model of Marco Re by assigning an A- ("Excellent") Financial Strength Rating to Marco Re. We have transformed the DNA of Marco Re from its original entities and present the market with a financially and operationally sound P&C Legacy carrier specialised in solving complex issues, for risk and/or capital management needs."

Simon Minshall, Marco Capital Group CEO, commented: "Marco's approach has consistently been to deliver solutions which best address a client's real objectives, often devising solutions which stretch beyond the proposal initially presented to us. With its rated paper, Marco Re is now able to provide even more attractive and superior solutions to its international P&C re/insurance clients, extending the range of possibilities we offer."

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