London, United Kingdom – Marco Capital Holdings Limited, a prominent European property and casualty (P&C) insurance run-off group, has completed the acquisition of Stewart Title Europe Limited. This strategic move was finalized in June 2023 and marks a significant expansion for Marco Capital in the European insurance market.
Stewart Title Europe Limited specializes in title insurance, offering protection against property-related risks. The acquisition allows Marco Capital to broaden its portfolio and strengthen its presence in the European insurance sector.
The transaction includes the transfer of Stewart Title Europe’s run-off insurance business to Marco Capital. This business focuses on managing previously underwritten risks and claims, allowing Marco Capital to utilize its expertise in run-off insurance to maximize value from these portfolios.
Marco Capital aims to leverage its extensive experience in the run-off market to enhance the operational efficiencies of Stewart Title Europe’s business. The group is known for its hands-on approach to managing insurance liabilities, facilitating sustainable returns for its shareholders.
The leadership teams from both companies expressed optimism about the acquisition, citing potential for growth and improved service to policyholders. Marco Capital’s CEO highlighted the strategic fit between the two companies, noting that Stewart Title Europe’s established reputation complements Marco’s capabilities in run-off insurance management.
The deal also emphasizes Marco Capital’s commitment to expanding its footprint across Europe, adapting to market demands, and reinforcing its position as a leading player in the insurance run-off space.
Industry analysts view this acquisition as a timely move amid evolving market conditions, where consolidation and specialization are key to maintaining competitive advantage.
Marco Capital will continue to service Stewart Title Europe’s existing clients while integrating its processes and expertise to enhance overall performance.
Key highlights of the acquisition:
- Acquisition completed in June 2023
- Expansion of Marco Capital’s portfolio in run-off insurance
- Transfer of Stewart Title Europe’s run-off insurance business
- Focus on managing previously underwritten risks and claims
- Commitment to growth and improved service to policyholders
- Strengthening presence across the European insurance market
Stay tuned for Questiqa Europe News for more latest updates.
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