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Marco Capital to acquire Pro Global to expand specialty insurance reach
The combination is expected to create a specialty services platform spanning Lloyd’s, the London Market, and international markets, adding a stronger US and Germany footprint.
Marco Capital has agreed to acquire Pro Global, aiming to combine the firms’ specialty insurance capabilities into a more scalable services platform across Lloyd’s, the London Market, and international markets, Reinsurance News reports.
Marco Capital Group CEO Simon Minshall said the acquisition fits with Marco’s earlier move to buy PoloWorks in 2022, noting he had already met Pro Global after that purchase. Minshall described how both businesses have changed since 2022, with PoloWorks scaling through investment and Pro Global growing and internationalizing.
Minshall said the deal brings “market-leading” specialty services by pairing Pro Global’s company market strength in the UK with PoloWorks’ Lloyd’s positioning. He added that the companies’ areas of strength and client overlap are limited, which he said makes the businesses highly complementary.
PoloWorks CEO Paul Andrews said the combined group builds on PoloWorks’ revenue growth and profitability, while extending its brand beyond the London market. Andrews said Pro Global would bring a broader geographic footprint, citing the expansion into the US, Germany, and Australia.