Prime Highlights
- Marco Capital will acquire Pro Global and combine it with PoloWorks, creating a major specialist insurance services business.
- The enlarged group will employ around 1,400 people across 15 offices in major insurance markets worldwide.
Key Facts
- Marco Capital is a specialist insurance business focused on legacy insurance and related services.
- Pro Global is an insurance services provider with international operations and capabilities covering multiple stages of the insurance lifecycle.
Background
Marco Capital has agreed to acquire insurance services provider Pro Global and combine it with its existing PoloWorks platform, subject to regulatory approval.
The deal is part of Marco Capital’s plan to build an integrated legacy insurance and insurance services group with a wider range of services and more diversified revenue.
Once completed, Pro Global and PoloWorks will form one of the largest specialist insurance services businesses serving Lloyd’s, the London market and international insurance markets.
The combined business will employ around 1,400 people across 15 offices in the UK, Europe, North America, Latin America and Australasia. Marco Capital said the transaction will bring together complementary capabilities, regulated platforms and international operations.
The enlarged group will provide broader services to clients of Polo Managing Agency, Polo Insurance Managers and Pro MGA. It will also benefit from Pro Global’s international presence and offshore delivery capabilities, allowing it to support customers across different stages of the insurance lifecycle.
Marco Capital said the acquisition will strengthen its specialist insurance offering while expanding its international reach.
Simon Minshall, Group Chief Executive of Marco Capital, said Pro Global was a strong strategic fit because of its experienced team, complementary services and international presence.
Pro Global Chief Executive Steve Lewis said the transaction would create opportunities to build on the company’s existing client relationships and capabilities while maintaining its focus on service quality.
The acquisition remains subject to regulatory approval. Following completion, the combined business will operate as a larger specialist platform across key global insurance markets.