Marco Re has received an A3 insurance financial strength rating (IFSR) from Moody’s Ratings.
This marks the second time Marco Re has been rated by a major agency, following a rating from AM Best in 2024 and a reaffirmation in 2025.
Marco Re operates out of Guernsey and provides reinsurance solutions for international property and casualty legacy portfolios.
The A3 IFSR reflects Marco Re’s core role within the Marco Capital Group and the credit enhancement it gains through its integration with the broader organization. Moody’s cited the group’s position in the European legacy market, its moderate product risk driven by diversified reserves and a concentration in short-to-medium tailed business lines, and its financial profile.
The agency also noted some offsetting risks, including execution risk as the group continues to originate new transactions within its risk framework.
Commenting on the Moody’s rating, Marco Re CEO Mark Elliott (pictured above) said the rating offers third-party validation of the company’s business model and financial strength.
“Moody’s rating of Marco Re provides independent third party validation of our business model and financial strength, which we consider to be core components of the value proposition we offer our clients,” he said.
As part of its broader growth strategy, Marco Capital completed the acquisition of Inceptum Insurance Company Limited in late 2024. Inceptum, a UK-based run-off entity with approximately £19 million in net assets, was previously owned by R&Q.
The transaction involved a cash consideration of £11.25 million, and included the novation of key reinsurance agreements. The acquisition was finalized in the fourth quarter of 2024.
In June, Marco Capital also continued this expansion with the acquisition of R&Q Gamma, a UK legacy insurer with a focus on occupational disease and workers’ compensation liabilities. The portfolio included claims related to maritime and port workers.
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