Markel
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU. -
The latest E&S player planning to IPO remains a “show me” story.
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The moves come as the company said it will "double down" on US E&S.
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Customers are demanding more in a larger move towards the E&S market.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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The insurer has not yet announced a successor for the 32-year company veteran.
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Meco's 2024 gross written premiums totaled $63mn.
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Construction defects, GL and risk-managed professional liability lines saw the greatest headwinds.
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Markel also announced the appointment of Jon Michael to its board.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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Markel had announced the exit from the line of business in the US last year.
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