Carey Olsen’s corporate team in Guernsey has advised European property and casualty insurance run-off group Marco Capital Holdings and Humboldt Re on the acquisition of Kelvin Re.
Kelvin Re is a Guernsey domiciled and regulated international reinsurer that writes short tail, mainly natural catastrophe, property and specialty lines reinsurance. Kelvin Re is being acquired by Marco’s Guernsey subsidiary, Humboldt Re. Carey Olsen also advised on the sale of Humboldt Re to Marco in 2021.
The specialist Carey Olsen Insurance M&A team advising Marco comprised partner Christopher Anderson (pictured), senior associate Arya Hashemi and associate Laura Toland.
Willkie Farr and Gallagher acted as onshore counsel.
Christopher Anderson said: “It is a privilege for Carey Olsen to have advised Marco on its acquisition of Kelvin Re – the largest insurance M&A deal that Guernsey has seen since Marco/ Humboldt in 2021.
“Carey Olsen’s instruction on both of these complex deals proves that we are a market-leader in the space, and we are very pleased to have supported another successful acquisition.”