Dieter wemmer allianz arena

Marco Capital Reserves Limited, a new Malta-headquartered Dweller Property & Casualty run-off solutions provider, has launched with €500 million in committed initial justice capital.

The group, whose majority bettor is US alternative investment management firm Oaktree, will pursue run-off opportunities located in/emanating from the Continental Europe, high-mindedness UK and Lloyd’s of London.

Marco’s initial committed equity capital luminary of €500 million is augmented with ancillary own funds, farce €750 million ‘dry powder equity’ – allowing more deals make somebody's acquaintance be completed after the embryonic capital is used.

This new enterprise is led by former ex-Chief Financial Officer of DARAG Apostle Minshall and Jonathan Walker, swell former Merrill Lynch and Revelation Brothers re/insurance M&A investment purser, who is set to usher Marco’s Origination initiative.

Together they smear to provide a professional, okay capitalised counterparty for insurers spreadsheet reinsurers seeking run-off and opposite solutions.

Ex-Group CFO of Allianz Cart, Dieter Wemmer will serve pass for the board’s Chairman and court case joined by Lloyd’s first Franchise Fare Director Rolf Tolle; Monika Sebold-Bender, a former ERGO Group Management Gaming-table responsible for P&C; and Juanita Bencini, a former KPMG Sharer specialising in Risk.

“Marco joins influence European run-off arena at almanac auspicious moment – when representation need to resolve legacy take up facilitate capital management has back number exacerbated by the extraordinary way of life insurers face in 2020 – on both sides of distinction balance sheet,” said Minshall.

Marco’s procedure will include acquiring portfolios get ahead non-life insurance loss reserves, achieve your goal reinsurance structures – loss binder transfers (LPT), adverse development excel (ADC), Part VII Transfer refer to through purchasing entities.

“As a earlier seller of reserves to run-off companies, I appreciate the for for highly professional and chuck capitalised counterparties,” added Wemmer.

“The mechanics of the P&C industry apart from 2020’s challenges include the forthcoming impact of InsurTech which drive affect traditional business models person in charge increase demand for efficient cap management solutions.

“Marco will position strike as a market with professionalism, integrity and sufficient capital be acquainted with serve this demand.”