Kelvin Re Limited (“Kelvin Re”) was acquired by Humboldt Re Limited, a subsidiary of Marco Capital Holdings Limited (“Marco Capital”: on the 7th of July 2023.

Both Kelvin Re and Humboldt Re are Guernsey based reinsurance companies which were established under the stewardship of Credit Suisse’s ILS team on behalf of third-party investors and have ceased to write new business. There is substantial overlap in their books of business. The consolidation of these two reinsurers fully aligns with Marco’s P&C legacy strategy.

Kelvin Re is underpinned by strong risk-adjusted capital and meets all its obligations in full compliance with the applicable laws and regulations. Kelvin Re is authorised and regulated by the Guernsey Financial Services Commission.

Marco Capital is a Europe based P&C Legacy (run-off) consolidator and is backed by €500m equity committed by funds advised/managed by Oaktree Capital (