Markel agrees to acquire marine MGA Meco Group
ReutersApr 16, 2025 1:10 PM
By Michael Jones
April 16 - (The Insurer) - Markel has entered into an agreement to purchase marine MGA the Meco Group Limited, the company said on Wednesday.
Meco focuses on marine insurance products for global marine clients including charters and traders, shipowners and entities. It was founded in 1974 and is based in London, Dubai and Shanghai.
The MGA wrote $63 million in GWP in 2024. Markel said the agreement presents an opportunity for it to strengthen its marine footprint and capabilities with new products.
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