Markel Group to Boost Marine Insurance Business With MECO
Markel Group Inc.’s (MKL) insurance operations, Markel International, agreed to acquire The MECO Group Limited, pending regulatory conditions. The transaction should enable MKL to boost its marine insurance business and fortify its presence in the Asia-Pacific region.The to-be-acquired company, founded in 1974, has its presence in London, Dubai and Shanghai. MECO, being an independent specialist marine managing general agent (MGA), provides marine insurance products and services to a diverse range of global ...