Marco Capital’s Acquisition of Humboldt Re

Carey Olsen acted as lead counsel to Humboldt Re Limited on its sale to Marco Capital. Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers, has now been sold to European property and casualty (P&C) run-off specialist company Marco Capital Holdings Limited.

Humboldt Re and Kelvin Re both took their financial support from insurance-linked securities (ILS) investors and funds under the management of Credit Suisse Asset Management’s specialist ILS investment unit.

Humboldt Re was backed by capital from some of the insurance-linked securities (ILS) funds managed by Credit Suisse Asset Management (CSAM), while Kelvin Re was solely backed by investments made by the Abu Dhabi Investment Council, a sovereign wealth investor.

Humboldt Re is a Guernsey domiciled reinsurer with a highly experienced management team and strong capitalisation.

Marco Capital Holdings Limited is a European P&C Run-Off solutions provider. 

The Carey Olsen team was led by corporate partners Christopher Anderson (Picture) and Tony Lane, with assistance from senior associates James Cooke and Arya Hashemi and associate Daniel Long.
Involved fees earner: Christopher Anderson – Carey Olsen; James Cooke – Carey Olsen; Arya Hashemi – Carey Olsen; Tony Lane – Carey Olsen; Law Firms: Carey Olsen; Clients: Humboldt Re Limited;

Author: Giulia Di Palma