Marco Capital to acquire Benteler Re from Benteler Group.

Marco Capital, a provider of legacy solutions serving the European and Lloyd's insurance markets, agreed to acquire Benteler Re, a captive reinsurance company, from Benteler Group, a metal processing company specializing in steel and tube products, particularly for automotive applications. Financial terms are not disclosed. “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," Simon Minshall, Marco Capital CEO.