Markel Group to acquire MECO Group.

Markel Group, a US-based diversified financial holding company, agreed to acquire MECO Group, a UK-based managing general agent (MGA) specializing in marine insurance. Financial terms were not disclosed. "We are excited to be joining forces with Markel. Today's announcement marks a new chapter for MECO, our colleagues and clients, as we continue to expand on the strong foundations we have built in many key markets over the past 50 years. There are clear strategic and cultural similarities between the two businesses. Ensuring MECO will continue operating its brands within Markel International recognises the value of our team and provides lasting benefit to clients," Chris Else, MECO Group CEO.