Markel has inked a deal to purchase specialist marine managing basic agent The MECO Group.
Based in 1974, London-headquartered MECO additionally operates from hubs in Dubai and Shanghai. It had $63m (£47.48m) of gross written premium in 2024.
The MGA companies a variety of world marine shoppers, together with charterers and merchants, shipowners and entities engaged in maritime operations and international provide chains.
The enterprise gives cowl by means of its three core insurance coverage manufacturers that are being saved – The Charterers P&I Membership, Transmarine, Aurora P&I and affords authorized companies by means of its regulation agency
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