Marco Capital has finalized its acquisition of Stewart Title Europe Limited, a Malta-based insurer that entered run-off at the beginning of 2025, as the legacy insurance market continues to expand globally.
The transaction received all required regulatory approvals before closing. Stewart Title Europe was a specialist insurance company that offered title insurance products designed to cover losses arising from title-related risks in property transactions.
The Malta Financial Services Authority holds regulatory authority over the firm's run-off phase.
Stewart Title Europe was established in January 2021 to handle transactions in the European Union following Brexit. It was a subsidiary of Stewart Title Limited, itself a wholly owned subsidiary of Stewart Title Guaranty Company, the underwriter for Stewart's transactions in the UK, The Bahamas, and Australia.
Simon Minshall, CEO of Marco, said the acquisition "enabled Stewart Title to efficiently implement its strategy and illustrates some of the practical solutions Marco offers its clients."
Minshall noted that the company focuses on providing corporate clients with operational and strategic options. He added that Marco invests in professional risk and operational management to reduce risk and market exposure.
"This transaction serves as a good example of the value added we offer our clients," Minshall said.
The deal follows an active 2025 for Marco. The company completed its purchase of R&Q Gamma Company Limited in the UK, which transferred legacy maritime and port worker claims from Randall & Quilter II Holdings.
Marco also finalized its acquisition of Benteler Reinsurance Company DAC, a Dublin-based non-life captive in run-off, from Austria-headquartered Benteler Group. It also completed a reinsurance to close transaction with Coverys Syndicate 1975, effective January 1, 2025, covering the syndicate's 2022 and prior years of account.
The transactions come against a backdrop of a growing global run-off market. According to PwC's Global Insurance Run-Off Survey 2025, worldwide non-life reserves in run-off are estimated at US$1.129 trillion, up 11% since the previous survey.
The report noted 33 transactions in 2024 transferring US$6.6 billion of liabilities and a further 25 deals announced in the first eight months of 2025.
PwC said legacy solutions have "firmly established" themselves as a long-term strategic partner to the live market, with continued roles in capital optimization, risk clarity, and value unlocking.
Marco Re, the largest risk carrier in the Marco Capital Group, holds an A- Financial Strength Rating from AM Best and an A3 rating from Moody's. The company is backed by US$550 million in committed equity capital from funds advised by Oaktree Capital.
