Marco Capital Holdings, a European property and casualty run-off group, has acquired R&Q Gamma, a subsidiary of R&Q Insurance Holdings.
The transaction is subject to regulatory approval. Financial terms of the deal were not disclosed.
R&Q Gamma, originally established as The Royal London General Insurance Co. in 1983, entered run-off in 1999. R&Q Insurance Holdings acquired the entity in 2016 to serve as a platform for consolidating U.K. run-off insurance liabilities.
Between 2016 and 2020, R&Q Gamma completed loss portfolio transfers with Solicitors Indemnity Mutual Insurance Association, Anglo French Insurance, and The United Kingdom Mutual Steam Ship Association (UK P&I Club).
Marco Capital stated that R&Q Gamma’s remaining liabilities relate mainly to occupational disease and workers’ compensation exposures connected to the UK P&I Club, including claims from ship-based and port-based workers.
Simon Minshall, CEO of Marco Capital, noted that this marks the third time Marco has intervened to support R&Q policyholders.
The group previously acquired Inceptum, another R&Q run-off subsidiary, and took over the management of R&Q Syndicate 1110 through Polo Managing Agency in 2024.
