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Marco Hires Robert Gregg As New Director Of Claims

Marco Hires Robert Gregg As New Director Of Claims

Marco Hires Robert Gregg As New Director Of Claims

Marco Hires Robert Gregg As New Director Of Claims

Robert Gregg will start working for European P&C insurance run-off company Marco at the end of October as its new director of claims, according to the company.

According to the business, Gregg will be coming from RiverStone International, where he served as an Executive Committee member. Gregg held the position of claims director at RiverStone Managing Agency, where he was in charge of the management and strategic direction of the Lloyd’s claims platform, which included reserves worth more than $4 billion.

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Simon Minshall, CEO of Marco, said: “we are delighted to announce that Robert will join our team. He is a leader in the field of claims and brings a commercial understanding of the insurance business, rather than just being a pure ‘technician’. Robert’s experience of negotiating with and managing service contracts with third parties sits well with Marco’s outsource oriented strategy.”

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Marco Hires Robert Gregg As New Director Of Claims

This is not the only new hire reported by the firm in recent weeks. At the beginning of August, Marco said it had hired Stefan Habereder as its new group chief actuary.

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The two guys are joining a company that was given authorization to write business by RITC Syndicate 1254 in February. Marco Capital received ‘in principle’ clearance back then to open a run-off/reinsurance-to-close syndicate at Lloyd’s in October 2021. The company concluded a Reinsurance to Close (RITC) transaction with Verto Syndicate in the same month.

Last year, Marco expanded its headcount to more than 300 insurance specialists via the acquisition of Capita plc’s insurance businesses, Capita Commercial Insurance Services (CCIS) and Capita Managing Agency (CMA).

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Marco Hires Robert Gregg As New Director Of Claims

Launched in August of last year and headquartered in Malta, Marco is a provider of reinsurance and finality solutions to insurance and reinsurance carriers.

Since its establishment with €500m in committed initial equity capital, the company has completed a number of transactions, including the purchase of the British Reserve Insurance Company Ltd (BRIC) from Allianz, and a legacy transfer deal with the same company.


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IBEH C. JOE

Financial analyst, Entrepreneur, Blogger and Business model

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