Markel Group (MKL) said Wednesday it agreed to purchase the MECO Group, a specialist marine managing general agent, pending regulatory approval.
The acquisition adds complementary expertise to the company's marine business across charterers' P&I, trade disruption, loss of hire, and other specialist marine risks.
MECO, operating from London, Dubai, and Shanghai, wrote $63 million in gross written premiums in 2024, the company said, adding it provides marine insurance through brands including the Charterers P&I Club, Transmarine, and Aurora P&I, and also offers legal services via its firm True North.
The company did not disclose the financial details of the deal.
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