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Stock impact report

Markel to take over marine insurer MECO Group [Yahoo! Finance]

Markel Corporation (MKL) 
Last markel corporation earnings: 4/28 04:54 pm Check Earnings Report
US:NYSE Investor Relations: markelcorp.com/investor-relations
Company Research Source: Yahoo! Finance
Financial terms of the deal, which awaits regulatory approval, remain undisclosed. MECO CEO Chris Else said: “There are clear strategic and cultural similarities between the two businesses. Ensuring MECO will continue operating its brands within Markel International recognises the value of our team and provides lasting benefit to clients." Headquartered in London, MECO has additional offices in Dubai and Shanghai. The company, established in 1974, recorded $63m (£47.58m) in gross written premiums (GWP) in 2024. It serves various clients such as charterers, traders and shipowners, as well as entities involved in maritime operations and global supply chains. The company offers marine coverage through the Charterers P&I Club, Transmarine and Aurora P&I brands, and extends legal services via its law firm, True North. MECO is said to bring specialised expertise in underwriting marine classes that complement Markel's existing marine portfolio. These include contractual extens Show less Read more
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