![PoloWorks and PwC UK be a part of forces to launch PoloPartners PoloWorks and PwC UK be a part of forces to launch PoloPartners](https://insuranceinfonews.com/wp-content/uploads/sites/8/2024/02/shutterstock_1393031228.jpg)
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PoloWorks, a division of Marco Capital Group, has partnered with PwC UK to determine 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 anticipated to learn from PoloWorks’ business expertise and PwC’s insurance coverage operations, providing end-to-end insurance coverage administration providers together with actuarial, claims administration and danger compliance.
Polo Business Insurance coverage Providers CEO Richard Lawson stated: “PoloPartners epitomises our dedication to innovation and client-centric options, leveraging cutting-edge expertise and business experience.
“The seamless mixture of PoloWorks’ Regulated platforms and repair sources with PwC’s insurance coverage apply, which brings scale, market perception and a repute 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 stated: “This partnership is an thrilling alternative for us to create worth for our purchasers in a brand new means and is totally aligned with our technique to work with insurance coverage companies to assist clear up challenges, construct belief, unlock worth and rework.”
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 workforce is supported by Polo Business Insurance coverage Providers.
In one other latest 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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