Markel completes acquisition of marine specialist Meco
June 2 - (The Insurer) - Markel Insurance has completed its acquisition of marine-focused managing general agent Meco Group, the company said on Monday.
Trading as Meco Specialty, the acquired business will sit within the specialty division of Markel International’s wholesale operation, led by Tom Hillier, managing director for specialty.
Meco focuses on marine insurance products for global marine clients including charterers and traders, shipowners and entities. It was founded in 1974 and has offices in London, Dubai and Shanghai and Hamburg.
The MGA wrote $63 million in gross premium in 2024. Markel said the agreement presents an opportunity to strengthen its marine footprint and capabilities with new products.
Andrew McMellin, president of Markel International, said: “Meco is a well-regarded brand, known for its professionalism, operational quality and robust distribution channels in regions where we’re actively expanding our presence.”
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