Marco returns to R&Q with acquisition
Marco Capital Holdings has acquired R&Q Gamma, formerly The Royal London General Insurance Company.
R&Q Gamma was established in 1983 and put into run-off — when an insurance company ceases to write new business but still has existing liabilities and claims which need to be managed and paid out — in 1999. R&Q Insurance Holdings bought R&Q Gamma in 2016 to act as a consolidation vehicle for run-off opportunities in the UK.
Over the following four years, R&Q Gamma transacted loss portfolio transfers with the Solicitors Indemnity Mutual Insurance Association, Anglo French Insurance Company and UK P&I Club. R&Q Gamma’s outstanding liabilities predominantly relate to the UK P&I Club and comprise occupational disease/workers’ compensation liabilities relating to workers on ships and in ports.
Simon Minshall, Marco CEO, said: “This is now the third time Marco has provided assistance in stabilising and securing R&Q policyholders’ interests, following the acquisition of Inceptum, an R&Q subsidiary in run-off, and management of R&Q Syndicate 1110 by Polo Managing Agency in 2024.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
