Marco Capital acquires Benteler Re
Marco Capital Holdings has agreed to acquire Benteler Reinsurance Company DAC, the captive reinsurance company of Benteler Group. The deal remains subject to regulatory approval. Incorporated in Ireland in 2003, Benteler Re is wholly owned by Benteler Group, a global Tier 1 supplier to the automotive, industrial and energy sectors with around 90 locations worldwide. Simon Minshall, CEO of Marco, says: “The acquisition of Benteler Re provides a useful solution to the Benteler Group in rationalising its group insurance arrangements. Marco welcomes the opportunity to acquire entities that are no longer seen as core for the business and this transaction serves as a good example of the value added we offer our clients.”