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PoloWorks, a division of Marco Capital Group, has partnered with PwC UK to ascertain a three way partnership, PoloPartners.
This collaboration goals to ship a bespoke, tech-enabled and differentiated providing to the insurance coverage market.
Initially, PoloPartners will prioritise captive options for company purchasers, leveraging its Lloyd’s captives initiative, Polo Insurance coverage Managers (PIM).
The enterprise is predicted to learn from PoloWorks’ trade expertise and PwC’s insurance coverage operations, providing end-to-end insurance coverage administration providers together with actuarial, claims administration and threat compliance.
Polo Industrial Insurance coverage Companies CEO Richard Lawson mentioned: “PoloPartners epitomises our dedication to innovation and client-centric options, leveraging cutting-edge expertise and trade experience.
“The seamless mixture of PoloWorks’ Regulated platforms and repair assets with PwC’s insurance coverage follow, which brings scale, market perception and a fame for high quality and technological innovation to the partnership, supplies PoloPartners with an unparalleled buyer proposition – including worth to the insurance coverage market.”
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PwC UK head of insurance coverage Alex Bertolotti mentioned: “This partnership is an thrilling alternative for us to create worth for our purchasers in a brand new means and is absolutely aligned with our technique to work with insurance coverage companies to assist resolve challenges, construct belief, unlock worth and remodel.”
PIM, which was launched earlier this month by PoloWorks, leverages expertise and knowledge insights to cater to captive, industrial and insurance-linked securities purchasers.
Initially primarily based in Guernsey, PIM’s govt staff is supported by Polo Industrial Insurance coverage Companies.
In one other current improvement, Marco Capital rebranded its merged subsidiaries, Humboldt Re and Kelvin Re, as Marco Re.
Marco Capital acquired Humboldt Re in October 2021 and Kelvin Re in July 2023.
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