Marco Capital has received High Court approval to transfer the risks held in Inceptum Insurance Company Limited to its UK legacy platform, British Reserve Insurance Company Ltd, under Part VII of the Financial Services and Markets Act 2000, the company announced on Tuesday.
“The Part VII transfer of liabilities from Inceptum to Marco Capital’s UK legacy platform, British Reserve Insurance Company Ltd, marks an important milestone in the development of our European business,” said Simon Minshall, chief executive officer of Marco Capital. “The transaction enhances operational and capital efficiency and provides policyholders with the security of a well-capitalised, long-term specialist platform. It reflects Marco’s continued focus on delivering high-quality legacy solutions to its clients.”
Marco Capital describes itself as a European property and casualty legacy solutions consolidator operating across international, Lloyd’s, UK, and Malta/EU markets. The company holds US$550 million in committed equity capital and counts funds managed and advised by Oaktree Capital Management, which oversees US$224 billion in assets under management, among its majority investors.
The Inceptum transfer forms part of a wider expansion programme by Marco Capital. During 2025, the group completed or agreed several run-off and legacy acquisitions across the UK and Europe.
In November, Marco completed its acquisition of R&Q Gamma Company Limited, a UK non-life insurer in run-off, adding further legacy liabilities to its portfolio. The deal expanded the group’s exposure to long-tail claims business.
Marco also completed the acquisition of Benteler Reinsurance Company DAC, an Irish captive reinsurer in run-off, in December. The company described the deal as part of its growing captive and legacy solutions offering for corporate clients.
Marco also owns PoloWorks, an insurance outsourced services business that serves approximately 40% of Lloyd’s and London Market operators.
