Marco Capital to merge PoloWorks and Pro Global into 1,400-staff insurance services group
What's the deal? Marco CapitalDealroom has a profile for this one. Try Dealroom →, the property and casualty (P&C) legacy consolidator and parent of insurance services group PoloWorksDealroom has a profile for this one. Try Dealroom →, has agreed to acquire Pro GlobalDealroom has a profile for this one. Try Dealroom →. The two businesses will combine after completion to form one of the largest specialist insurance services firms across LloydDealroom has a profile for this one. Try Dealroom →'s, the London Market, and international insurance markets.
What's the endgame? Marco Capital wants to build an integrated legacy insurance and services group with a diversified income stream. The deal, still subject to regulatory approval, marks what it called "a significant milestone" in that strategy.
The combined organisation will run 15 offices and roughly 1,400 employees across the UK, Europe, North America, Latin America, and Australasia.
Why now? Marco has been reshaping PoloWorks since acquiring it in 2022, adding new leadership in 2023 and expanding its customer propositions. Group chief executive officer Simon Minshall said Pro Global is "a natural strategic fit, bringing an impressive team, highly complementary capabilities, and a strong international footprint."
Clients of Polo Managing AgencyDealroom has a profile for this one. Try Dealroom →, Polo Insurance ManagersDealroom has a profile for this one. Try Dealroom →, and Pro MGADealroom has a profile for this one. Try Dealroom → are set to gain broader service choice, while Pro Global's offshore delivery capabilities extend the group's reach.
What each side says: PoloWorks chief executive officer Paul Andrews said the deal "is not simply an acquisition of services capability — it accelerates our growth strategy." Pro Global chief executive officer Steve Lewis called it "an exciting new chapter."
The signal: The tie-up reflects continued consolidation in specialist insurance services, where scale funds the technology and digital investment clients increasingly expect. By reuniting two businesses that share a common origin, Marco Capital is betting that combined reach and expertise will outweigh the risks of integration.
Read more: Reinsurance News
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