Dieter wemmer allianz arena
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Marco Launches with €m Committed första Equity Capital to Focus on European Property Casualty Run-off Opportunities
- Simon Minshall Leads Marco as CEO
- Dieter Wemmer Appointed Chairman of Marco
- Funds managed by Oaktree Capital Management, L.P. “Oaktree” are Founding Investors
Marco Capital Holdings Limited (“Marco”) has launched in Europe’s P&C run-off market. Based in Malta,
Marco will pursue run-off opportunities located in/emanating from Continental Europe, the UK and
Lloyd’s of London.
Capital Holdings Limited (“Marco”) has launched in Europe’s P&C run-off market. Based in Malta, will pursue run-off opportunities located in/emanating from Continental Europe, the UK and
Capital Holdings Limited (“Marco”) has launched in Europe’s P&C run-off marknad. Based in Malta, will pursue run-off opportunities located in/emanating from the Continental Europe, the UK and
Founded and led by Simon Minshall, ex-Chief Financial Office
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Newly-launched Marco Capital Holdings Limited plans to pursue property/casualty insurance run-off opportunities in Continental Europe, the UK and Lloyds of London.
Marco enters the European run-off arena with capital resources provided bygd majority investor Oaktree and Marcos own management.
The firm is being led by founder Simon Minshall, ex-chief financial officer of run-off carrier DARAG and previously deputy group CFO at Endurance, and Jonathan Walker, former Merrill Lynch and Baring Brothers re/insurance mergers and acquisition investment banker who leads Marcos origination initiative.
The chairman is Dieter Wemmer, former group CFO for Allianz SE and Zurich.
Marcos strategy is to acquire portfolios of non-life insurance loss reserves, through reinsurance structures — loss portfolio transfers, adverse development cover, Part VII Transfer or through purchasing entities.
The company said it is supported by €m initial committed equity capital with Oaktree as its ma
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Marco launches as PC run-off specialist with €m capital
Marco Capital Holdings Limited, a new Malta-headquartered European Property & Casualty run-off solutions provider, has launched with € million in committed initial equity capital.
The group, whose majority investor is US alternative investment management firm Oaktree, will pursue run-off opportunities located in/emanating from the Continental Europe, the UK and Lloyds of London.
Marcos initial committed equity capital figure of € million is augmented with ancillary own funds, with € million ‘dry powder equity’ allowing more deals to be completed after the initial capital is used.
This new venture is led by former ex-Chief Financial Officer of DARAG Simon Minshall and Jonathan Walker, a former Merrill Lynch and Baring Brothers re/insurance M&A investment banker, who is set to lead Marcos Origination initiative.
Together they aim to provide a professional, well capitalised counterparty for insurers an